The midland journal. (Rising Sun, Md.) 1885-1947, 1891-02-06

the people 10 pay az leaat eight per
cent for the use Of the money, and
farming cannot stand that high rate Of
interest. Our farmers plan requires
the farmer to pay two per cent interest.
The south American plan caused
the government to guarantee Cor pay
eight per cent interest on other peoples
bond ('cedulas''). Our farmers plan
asks the government to pay nothing,
but rather to receive two per cent In
terest for the use Of its own money, and
to use the two per cent thus obtained
to pay the expenses of the government
and thus reduce taxation in other di-
rection equal to two per cent A dill
ference OF ten per cent between our
plans and theirs. in favor Of both the
government and the people.
The South American plan provides
no limit as the amount Of scedulas"
that would be issued. Our farmers
plan fxes the amount per capita at $50,
and loaned under proper restrictions as
to amount Of loan, and only at one half
the amount of assessed value of land.
The South American plan is full OF
risks to the governments and the people,
the banks alone being protected 10
their eight per cent interest. Our.
farmers plan has no risks on personal
property Tor government or rcaple, but
being based upon one half assessed
real estate values. which are the foun-
dation of all securities, makes the
money as good and as safe as the gov
Hernment itself.
The politicians anil the bankers see
that the people are awake, that they
are very much in earnest, aud that
something must be done. So the
bankers are in the field With their bills
for rel ef. A favorite with Wall street
is the issue of more government bonds,
to bear interest at two per cent. on
which the government is to loan money
(the same as now to the banks) thus.
psrpciuat.ng debt burden. and taxing
the people to pay interest on these new
bends. Senator Sherman has bill to
that effect. In nutshell, the differ
ence between Shernan's bond scheme
aud Ssanford's loan proposition is this !:
Under Sherman's scheme the banks
are to be paid two per cent to take
government notes to loan again to the
people at from six to ten per cent.
Bad for the government. Good for the
banks.
Urder the Stanford plan the govern
ment is to receive two per cent for its
notes direct from the farmers. Good
for the farmers.
Issue more interest bearing bonds
and the few will soon buy up and hold
them all and can corner" money or
form a money 'rrust" as now to
Cypress the people.
Issue the money direct to the people;
and they become their own bank pay
of thei! mortgages 10 time the low
rate of iuteoest can be earned on q
farm, the high rates now, bring the
farmer deeper in debt each year, and
the sheriff sells thousands of farms
every year to make up the interest
balance sheet that the farms cannot
earn at present rates,
The bankers plan; few rich and
many poor--tenant farmers.
The farmers plan; debts paid, happy
homes--a free people.
Some people (money losners every
time) say the Stanford plan will en-
courage people 10 run in debt.
Farmers who have studied the plan,
and wish to help their neighbors to
save their homes. know that land
money will encourage farmers to get
cut Of debt. As the Executive Com.
miitee Of the National Grange said in
their last annual report. the difference
in interest between two per cent and
lsix per cent would save the farmer
"four per cent, which saving. in
twenty Eve years would ray their en-.
tire mortgaged indebtedness without
paying dollar more per annum than
they are now paying" Fellow farmers
and Patrons, let US think on these
things. Don'tbe risled nor frightened.
Separate the true from the false, the
fact from fiction. "The truth is
mighty and will preyail.''-From
Western Rural.
The First Step.
Perhaps you are run down. cant sleep.