The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1891-05-19

have dictated the policy are the ones
with the money. Let Wall street
man become farmer and he will make
the same demands we are making.
What are you farmers going to do ff
you don't discuss the financep There
is only ono hope for the finance of the
country and that Is for the man who
hasn't got dollar to get control. The
time has come when you must send
men to Congress who will represent
your views. There are Democrats and
Democrats, and il one don't suit you,
try another
Every dollar ought to be legal tender.
a dollar that is good with the bond
holders ought to be good anywhere.
The next demand of the Alliance is
that the circulation be increased to $50
per capita. There Is good reason for
1t. 1t now takes more of our products
to pay the debt than 1t did in 1885
when the debt was over two billions of
dollars: Ignoring of the peoples inter-
troll of affairs bold. They can run gold
up.to suit themselves. Some men say
we don't want the free coinage of sill
yer. 1t will increase the currency, and
Will make the bonds easier paid. Over
a billion dollars is to be paid in fifteen
years. Free silver to pay it will benefit
63OOO,OOO people while few will not
longer get the chance to enrich them
selves. There Is every reason why the
currency should be extended and
the control Of the currency taken
out of the hands Of few. It will in
crease the price of everything and
that's what we want. Gold is the best
money now because it pays all debts
public and private. Silver can be
made to do the same thing.
They say the government is not q
pawnshop. I don't know why. 1t
boards up all the gold and loans money
on bonds. If the government loans
money on bonds / don't see why it
can't lend 1t to us on land. believe that
the United States government ought to
control all the circulation. 1 don't ap.
prove of single dollar that is not
guaranteed by the government, and
then we demand that it should circu-
late to the advantage of all men. Why
can't land be used to distribute the
money as we'll as bonds and securities !?
John @. Calhoun wanted to know why
the government charged the people for
money when it could extend it to them
direct on q land basis. There is SO
much money in circulation that it can't
be redeemed by gold and, silver. This
government doesn't need gold behind
|
nation God let's the sun shine on, and
when 1t says a greenback is worth $500
every nation will accept as such. Some
smart alecks say that the demands of
the farmers are unconstitutional, that
they are for class legislation, &C. How's
that. when only one out of every $1,000
people get the benefits of the financial
policy of the government? The gov
ernmet is a pawn shop, It is a storage
house to-day. If 1t is this way for one
why not for anotherp When the money
will become the servant and not the
master. National banks were estab.
lished as distributors. We offer to dis
tribute it by giving our lands as secur-
ity.
The sub-treasury scheme Is not in
tended to increase the circulation. It
will make a flexible currency. There
are three points of this question to dis
| cuss.
!. Is there necessity for that nexi-
BILE currency?
2. Is the basis for that flexible cur
| rency sufficientp
3. Will it cure the abuses that we
complain of to-dayp
I am ready to answer any question
that may be put to me. 1t should be
that the amount of money in circula
ton and the amount of produce for
| sale keep pace with each other. II the
circulation keeps up with the amount
| of produce there will be stability Of
price. That's why we need and why
we want flexible currency. 1t will be
good for everybody but the speculator.
The merchant and manufactures are
not to blame for the fluctuation in the
1Nrin Of
tion In the price of goods for sixty
years has been 40 per cent. We hold
that we can make flexible currency
by farm products as a basis.
"What number of officers will the
sub-treasury create ?" asked man in
the audience.
The alliance demands will not create
single appointive officer. They will
be elected by the people who will also
decide where the sites of the ware
houses shall be-" The principles of the
sub-treasury will live forever. Is the
security we offer goodp It's not gold
ment can make money basis out of
bonds it can do jt out of corn, cotton
and other products. The sub-treasury
Is on the same plan as a man who own
bonds. There Is no difference. 1t is
the power of the government to dis
tribute money. Give us flexible cur
rency without warehouse and we will
take it and drop the warehouse part.
When the interest of the farmers is ad.
vanced that of the lawyer, merchant
and doctor is advanced The newspa-
pers have never done the sub-treasury
Justice. They have never discussed
the principles of it and say 1T is fool
ishness.
l am here to educate the lecturers to
place before our organization our de-
mands, and | am organizing to do 1t.
The discussion of these questions don't
hurt anybody. Our order is the grand
est organization on the earth because
1T has absolute truth for its notices.
The speaker said when the Democratic
party refused to listen to the demands
of the people 1t would lose one humble
voter.
Major Terrell advised his audience
not to fall out with the newspapers for
fair criticisms. We have the intelli-
gence to open up their sophistry.
When the press seeks to break up our
organization and does not want to do
right then you can turn upon 1t In your
wrath. Malicious newspaper attacks
destroy your best efforts. When they
get down to SANDER they are too dirty
to handle. He also advised them not
to entertain prejudice against men of
other avocations.
IA II n