The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1891-10-30
NON-PARTlSAN
So the Mercury Dec ares the anc ial
Problem to Be. r

so tne uty DEC ares the H~lnanclal
Problem to Be. H.
Senator Coke, last summer, in 3
letter to the Milan County Farmers
Alliance, denounced the Alliance sub
treasury plan as unconstitutional.
visionary and revolutionary" A few
months afterward he introduced a bill
into the United States senate permit
ting national banks to loan money to
the people on real estate security. This
showed that he had been investigating
and had found that the Alliance de-
mand for more money was an impera-
tive necessity, and being a progressive
man, proposed his plan as a substitute.
In discussing these plans every man OF
sense will admit that no partisan poll
tics or prejudice should enter in the
remotest degree. AS the Coke and
Alliance propositions bear iden-
tically the same relations to the
Constitution, the discussion Of them
is necessarily non-partisan. Blaine
and Bayard + partners in a railroad.
Ex-Governor Brown, OF Tennessee,
and ex-senator Plat, of New York. up
to Browns death, were partners in a
large coal and iron mine in Tennes-
see. Often, too, we see banking and
other syndicates with Republican
presidents and Democratic cashiers,
or vice versa. Why should not
the common people adopt the
financial problems? In this spirit
we propose to discuss the Coke
and Allianse plans. Under the Coke
plan the government furnishes the
banks money at l per cent per annum,
and the banks loan the people the
money at whatever interest the bank
ers may determine. say 1G per cent,
the legal rate. To put S., 900, 900, 900
in circulation under Coke's plan will
cost the people $500, 600. 900 annually,
OF which the government gets $780,
600, 900 and the banks $27O, 900, 900.
Now. placing the expenses of running
these banks at $40, 900, 600. leaves a
clean profit of $3.50, 600, 900 to the
bankers every year. The expenses
and profits growing out of the
Coke plan would, like every other
debt, be paid out of the pro-
ducers' earnings. Under the ALI
ance plan it would cost $50, 900, 900
annually to keep So. 600. 900. 900 in
circulation, every dollar OF which
would go into the treasury of the peo-
pie. We will presume it will cost
$40, 600. 900 to transact the business.
Under the Alliance plan there will be
an annual saving of 5000, 900. 900 to
the government, which would relieve
the people of that amount of annual
taxes besides it would result in an an
nual saving of $3.50, 600. 900 to the
people direct. The question as to
which plan is the most desirable to
the people is fully answered by the
above figures. Demagogues are the
only class who try to bring partisan
prejudice into such discussions, and
denounce this, that or the other, as
undemocratic or. unrepublican. Any
business nan or concern who permits
demagogues to sway its operations.
exists by robbing the people or will
prove a failure. We trust our readers
will discuss these great questions as
business men and not as partisan poll
ticians. The Mercury doesn't care
one fig what political party one may
belong to. Officially it treats them all
as American citizens, equally, alike
honorable, and only asks everyone
when discussing. the plans that have
been or may be proposed. to do so as
American citizens and with a determ-
nation to find the best solution and
enforce 1.-THE Southern Mercury.