The daily state chronicle., 1891-04-26

tho granting or special favoTe Nov nov
-. i, !. o b ve3}E ti2; =
intelnsently ben, yes it can auvoca :
the loaning of money by the government,
to the agricultural population only, l |
cannot comprehend! But the favor is
not equal, even to them. There Is no |
reason which justice can suggest why
the producer of any given crop should
have benefits which are denied to 9th
ers. All should be treated exactly alike.
Does this wild scheme of loaning money
to those who raise cotton, corn and
wheat, at loss to the government, serve
the ends of justice? No man who values
his reputation can say so. Why is not
the producer of peas, potatoes, melons
and other articles brought from the soil
equally entitled? The Republican gov
ernment should know no classes. Be
cause the government has been so ad.
ministered as to violate this rule is no
reason why mal-administration should
continue. But then, only small per cen
tage of the agriculturists who raise
cotton, cOru or wheat can get the advan-
tages. Many are obliged now and always
will be obliged to borrow money, or buy
supplies on credit to enable them to
carry on their farming operations. These
cannot make the deposits. Others have
been thrifty and do not need the money
for man is very unwise to borrow eve n
at no interest at all, unless he needs the
money.
My opinion is, and has been for years,
that the Constitution should be con
strued with strict regard to its mean
ing, as gathered from the words Of the
instrument, and from the explanations
of contemporaueous history. | doubt if
any man can point out line, either IN
the Constitution itself, or in the debates
in Congress, which led to the assem-
bling Of the Convention of 1897, or in
that Convention, or in the Conventions
of the thirteen States, which sat in judg
ment upon it. which indicates that any
one supposed the United States should
become money-lender. 1t has the
debts and provide for the common de-
fence and general welfare of the United
States" To secure these ends, the pow
er of taxation was given. The defence
must be COMMON and the welfare GEN.
ERAL
The subject is a very vast one, Mr..
Editor, and | have neither time to dis
cuss it thoroughly. | do not claim to be
an authority on either constitutional
law or business methods, but | am SO
deemed on financial subjects. Unfortu.
nately for US, we have M.n who can fig
ure out wealth for themselves and 9th
| ORG with Slata ord poDoil b,,+ who povo,
could make a dollar, nor own one long
if given to them. They can tell others
what they ought to do-and yet never
did anything themselves except indulge
in visionary figures Government is 6
practical matter of business, and not {
mere theory. It's proper administration
can only be brought about by pruden
successful business men. Dreamers Car
orly produce confusion and ruin.
l shall not advise my agriculture
friends what practical, hones5 methods
they should adopt. Some men woul(
pronounce against it as impudent. Bu
| have passed many a farm aud saw
plainly by the poor barns and sta
bles, the neglected and exposed
implements, the inefficient work
0OhC, liOW ~ Wdo lutU Ui4o wv utI udu
nothing. 1t takes intelligent labor ant
intelligent economy to make agriculture
or any other business profitable. If
man does not use them, he will be poo
ii cotton is worth 20 cents pound.
II the government had the power an(
the means-by MAKING money-(and i
has no power except to COIN money! It
give to EACH man, woman and child on
hundred dollars, how long would it b
before the large part would CoNGEsT int
a comparatively few pockets ? But
will not pursue that, though it is yer
inviting.
There may not be money enough i
the country to meet the requirements c
, the people If not, 1 would be glad t
see just enough and no more. But ther
, are more than five dollars per capits
Too small a volume would increase tn
, purchasing power of dollar too much
An Inflated volume would reduce 1t to
, much and unsettle values. We shoul
, have two prices-a coin price an
, a currency price. If we dealt 8
! all with foreign nations we should hay
to use the coin value in our commerci;
{ business. We might get more pieces
paper for what we had to sell, but u
would have to pay more for what Y
. bought. What advantage would it be ,
r get 20 per cent. more for cotton and pa
70 per cent. more for supplies? We nee
: just so much PAPER money as can
t maintained at par, with coin, and not
! dollar more for coin is the constit1
I tional standard" lawful money
the United States"-and all printe
paper to serve the uses Of money, not |
/ made subservient to that.
{ l am interested diversely in farmi NJ
} manufacturing and banking. But
want all classes of our people treate
with "even handed Justice" I desi
4. that all shall reasonably prosper = b,
q none, at the expense of others. M
whole course, while in public life, SHOW
that. | am now simple citizen and NJ
q wish is-"JUsTIoE and the PUBL
VEAL" WALTER L. STEELE.