The Democrat. (Scotland Neck, Halifax Co., N.C.) 1884-1896, 1891-11-12

necticut and such other States IS /
have grown very rich on the mCnoH |
olies of the last twenty-five years,
might prefer collatcrals and other
personal security. 1t should be a
matter for each Stale 10 decide for I
itself, and to appoint It's ON officers
and agents TO lend out, distribute /
end manage its own share Of the |
money. The combined wisdom OF !
the Legislature Of forty eight States |
and the friends OF the plan outside
those legislatures would undoubted
ly frame good law for the lending, |
distribution, and management Of this
money. A law good for one State, |
n,utatis muta1tdiS, would be good for
all.
No enemy of the Suh-Treasury |
principle of the Alliance can zee ans
Federal Government warehouse or
office any paternalism, any central
iza.ion in this plan. The Federal
government could Issue these notes |
as easily and cheaply as it now issues
bank notes TO the national banks. |
1t would have but forty eight States
10 supply. 1t low issues notes to
several thousand national banks.
The equal distribution of this
money provided for in this plan
would greatly correct the evils Of
the ruinous Capitalization of capital
prod uced by the monopoiistic legis>
| latiou Of the last twenty-five years.
! | will not ia this article attempt to
| enumerate the macy ways in which
1t will benefit the country st large
and promote better civilization. |
will make only few suggestions.
If it would require Sl.625. OU0,OOO Of
those legal tender government notes
to make up the $5.25O,0OO,O
State possessing 100000 in habl-
tants would receive S4O,OOO,CO0 OF
this money. Two per cent. interest
on this would give to the State
yearly"income Of $500 900 without
taxation, whilst the debtor class
would save six per cent, or $2400 :
600. How this would tighten the
burden of taxation and usurious in
terest! How it would tend to cor
rect and refute the modern idea that
man Is born only to be taxed by
government and oppressed by mo-
nopolists aud capitalists. What a
grand opportunity it would afford for
the amelicration Of the condition
of mankind by good and wise
craftsmanship. How 1t would help
the Alliance in executing and max
ing good other grand and sublime
resolves of the Ocala platform.
Mr.. Editor: This country should
be paradise. 1t is not much better
than an ante.chamber of hell. Is
there no way to change and better
this state of things | an inspired
With hope by the Al!isnce and Indus
trial Union. Their fees are kind
ling. By the light of their altars
see, far up on the lofty seat Of can.
onized patriots and philosophers,
that greatest Statesman Of sll past
ages, Jefferson; pleading as on
earth for government of the peo>
pie, by the people, for the people,"
He lives yet in our memory. In this
grand struggle for freedom he in
spires the Alliance and industrial
Uuion with the sublime wisdom that
the industrial system of nation !,
as we'll as It's political system, silou d
he a government Of the people, oy
the people, for. the people, His
grand old party, founded upon the
eternal principles of right and jus
tice is eady to receive them with
: open arms and brothelly love. lie
bids the Alliance and Union to labor
, for reform In the trained and disci-
: plined Democratic party to expei
} the plutocrats and inonoplists, and
under its banner, to make this coun-
try the home of the free and the land
of the brave, to establish forms for
our childten, and as an example for
f the oppressed Of all lanos, an Indus
trial Democracy. No third party is
needed in North Carolina. 1t will
: iniure both the Alliance and the
Democratic party. 1t will postpone
= for long time, it may be forever,
the reforms demanded by the Al.
y lance anc Industrial Union. LIE,
= there be no war, 10 clash, between
:. the Alliance and the Democratic
: party. Freedom would shrek and
> wall with despairing agony. the stars
8 woald shine with pity upon humani
= ty, at the awful consequences.
"Forbid. resist, prevent it; let it not be so
Lest children's children cry against you
) woe
In this hour of midnight darkness
, [ see the dawn Of better day
There are now in ferment elements
that will soon develop civilization
u different from and far better than The
grinding civilization Of this..daV.
JACKSON.