The midland journal. (Rising Sun, Md.) 1885-1947, 1891-06-26
Friday, June 26, 1891.
Mr.. steel,s Hopeless Task.

Mr.. Pteei ures anotneE Diauk coiuA"sS
through the Democrat at the Alliance, in
which he pays his respects to the MIDLAND
JOURNAL, and as usual is in error in claim
ing that 1e charge him with being "gold
bug champion for the purpose of prejudice
ing him with the farmers. There is no
necessity for making any charge The
l.arty condemns himself out of his own
mouth, by advocating the cause which the
yellow bug family defend through their
plntocratic press. We have not intimated
that he was hired to champion" the sys-
fem devised by the banking, specializing,
siock.jobbing, non producing class.
Will Mr.. Steel explain what he means
by the sswild schemes" advocated by the
Alliance. We have never been able to dis
cover anything particularly wild in the
measures modestly proposed by the order.
And what is very remarkable is, the pluto
cratic papershave never pointed out any
thing wild, but content themselves with
inveigling against the farmers plane, and
as Mr.. S. merely repeats their utterances,
we are led to infer that his s'opinions" and
ssconvictions'' are all second hand.
The "seetLing wrath of the Alliance" he
apprehends, will moi descend on his "devot-
ed head" which he took the risk of. The
Alliance invites criticism, but Mr.. SteePs
objections are not criticisms. They are OF
the Older of Dean Swift's objections TO DR..
Fell's company.
ST do not like you doctor Fell,
The reason why cannot tell,
But do not like you doctor Fell"
And this seems to entirely cover Mr..
Steel's antipathy to the Alliance. These
ssschemesn (of the Alliance) have not been
"palmed off :" or 6 foistered upon the
farmers" Their demands have been pub
licly made and they stand unanswered with
anything worthy 10 be termed reason or ar
gument. The following declaration of Mr..
Steel's is remarkable:
II say / thought it was shame that
such schemes should be foisted upon the
ldTlucEc Vi Jul Guilty WAthNut q oitSsS PiO-
test being uttered against it. So concluded
to inter that protest"
Why. where has this champion Of plu-
tocracy been that he thus assumes to be the
first and only protester? There is not a
daily monopolistic journal in all the eastern
States that has not hurled the same inyec-
tives against the Alliance which Mr.. S
INDUCES in, and with the same plentiful
lack Of argument, facts, statistics or evidence
of any kind to fortify the opposition which
characteristics Mr.. SteePs wild lucubrations
The Alliance has made no demands thai
are not fortified by precedents established
by acts Of Congress. The sub-treasnry rests
on.he same principle. constitutlonally con-
sidered, that supports the national bank
system. There are half dozen precedents
in the laws of Congress which support the
land loan measure of the Alliance and
Grange and which all other labor organize
tions endorse. Mr.. s. makes the following
very extraordinary declaration:
ssAs far as my present pecuniary Interests
are concerned it would be great accommo
dation TO me if conld obtain loan upon
my farm at two per cent intesest, but i
would be very bad policy for me to see my
future interests; and the interests Of thu
whole country imperiled TO obtain presen
loan at two per cent?
If Mr.. Steel will explain how such loar
would ruin him and everybody else, We
believe we may safely promise that the
Alliacce will abandon their proposed finan.
cial methods. Here is an opportunity fol
Mr.. Steel to achieye name more deatbless
than Cincinnatus. He is the man the AL.
tiance has been looking for with lantern
these many days. Tell US how this ruin il
10 be wrought by borrowing money at 2 pei
cent. The Alliance writers haye pointed
cut very clearly that wide spread ruin ha,
been produced by farmers borrowing money
at 6 to so per cent. The Alliance writers
don't ask any one TO take their word fol
this. They produce statistics to prove theil
charges. Mr.. Steel advances none to sup
port his bald and bootless assertions. Such
grotesque warfare as he wages is not worth
the paper il spoils. Every intelligent person
will not fail to see that II rests on nothing
In all his rigmarole there is not a single
fact produced TO support the flimsy asser.
tions the hazy structure is reared upon.
Mr.. Tome and others have been loaning
money at 6 per cent on improved farm prop.
erty right along, interest payable semi
annually with foreclosure and force sale
: stipulation In the mortgage. on the frs
default of interest. No such charge as tbs
imperilment of The country in consequence
has been made by the advocates of thil
method of inancieriDg. In place of the U
s. Government loaning the money L
national banks at per cent, and the bank
loaning 1t at per cent TO you, (if You wisl
10 borrow the government lets the bank
slide and loans 1t direct 10 you for 10 to q
years, on the same security at per cen
interest, do you really believe that becaus
the bank did not receive the extra four pc
cent, that the nation and all creation woult
20 to The bow vows? No you don't beliv
it. Then why the dickens do you say so
and lend color to the theory Of total depray
lily by Publishing such self evident siul
ti6cation?
Farming pays less than 8 per cent O
The capital invested in the business wit
labor thrown in. Ifany part Of that capita
l. l......nd hnuu Il his arfrn rar nani e