The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1891-10-02
control IT,

the govern ment consists in The pow
err to tax the people, and whatever
it expends or loses IN its operations
can only be made up by taxation.
The people foot the bill.
The effect of this measure upon
the government would be. first, to
compel the treasusy department to
open and keep an account with ev-
cry farmer IN the United States
who deposited i'm the sub-treasurY.
This would involve a very large
increase in the clerical force of that
department.
And secondly, the issue of an un
limited amount or many hundred
millions of dollars of legal tender
treasury notes, with no provision
whatever for their redemption,
which would be very hurtful to, if
it did not destroy the credit of the
government.
In addition to this, the cost
of constructing these immense
warehouses throughout the United
States would necessarily lie very
great.
But, suppose these objections
obviated, and suppose the
sheriff and clerk of the county re-
fuse to make any statement as tc
amount of these five products raised
and sold in the county for each Of
the last two years-how would the
fact that $500, 900 worth were made
and sold be established ? But sup
pose the fact is established, and the
country is entitled to the ~areh ouse
who is 10 determine its location
Will the location be fixed by the
hundred petitioners who are to do.
nate the sight, by the treasury de-
partment, or by whom; or IS the
government to accept and build
upon such site as may be offered
The location by popular vote would
seem to be impracticabIe.
The bills provide for the APP
pointm ent of one general manager
salary of not less than $1,000
nor more than $500 per annum.
whose duty is to receipt for and de-
termine quality, quantity and
present market value of all cotton,
wheat, corn, oats and tobacco that
may be offered and the presum D.
ton is that more than S500,00G
worth will be offered. Instead OF
one, 1T will require the services Of
at least twenty employees at such
an establishment to perform these
duties.
But, suppose the warehouse es'
tablished. and this corps Of employ
ees appointed and ready to receive
the five named products Of the far
mers and a thousand farmers com.
meace to deposit their products
Are the products of each to bt
kept separate, or are they to be
dumped down in bulk, and wher
the farmers come to redeem theiI
products, is each to receive his own
or only the same quantity taker
from the bulk?
And will the farmer not almost
invariably think he has cause o
complaint of the general manager
because the quantity, quality anc
price fixed by him are all lower thar
he thinks they ought to be?
But the farmer hauls his cotton
wheat, corn, oats and tobacco Il
the warehouse, takes the receipt o.
the manager for it and draws his
eighty per cent. of its then market
value, upon which he is to pay inter
est at the rate of two per cent. pei
annum, and pay all expenses Incl
dent to Its storage, instead Of hauli
ing 1T to the place of shipment tC
its final market and getting its full
market value for it, and thus avoid.
ing the payment of interest and al
the expense of storage, insurance
and a second hauling to the place OF
shipment.
He must redeem within year
or the property is sold to the high,
est bidder for cash, and the pro-
ceeds appropriated, first, to refund
Ing to the treasury the ad vance
with the accrued interest; second to
the payment of warehouse charges,
and the balance, if any, to the hoI-
der of the receipt.
The farmer has used the eight,
per cent. that he received i'm the
payment of debts or purchase Of
property. How can he redeem un-
til he makes and sells another crop
unless the price shall 90 up? Bat
he has massed the article, so thai
the Speculation knows the amount OF
it ON the market, and the former
may rest assured that with combln-
ed and almost unlimited capital aud
genius, the Spectator viii So ma
nipuIate the market that the advance
i'm price shall not come until he has
obtained the control of the great
bulk Of the article. In my opinion
the result will be that in a MAORI.
ty of cases the eighty per cent. will
be all that the farmer will realize
But. suppose the weaveI destroys
the wheat and corn, and the tobac
co is injured, If not destroyed. by
mould or dampness, or that the
warehouse with all it contains is
destroyed by fire-who shall stand
the loss If the government, then
vnn toy the uhnla nannla to cover