The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1891-06-23

tending to certain countries the bene-
fits Of a free interchange of cOmmodi-
ties, while trade in other lines and with
other countries is restricted by the
assessment of heavy import duties,
thus encouraging and fostering one
branch of commerce at a risk Of dis
paraging other commercial interests.
The subsidy bill and the bill proposing
to lead the credit of the government to
the extent of 500, 900, 900 to the Nicara-
qua canal company were intended to
aid commerce.
Mining has also come in for a liberal
share of protection. Silver bullion Is
being deposited In the vaults OF the
National Treasury, and millions are
being advanced on it.
THE BONDED WAREHOUSE.
Other business interests have been
taken care of when the necessities of
the pecuniary condition seemed to re-
quire it. The bonded warehouse for
the storing of liquors was a relief
measure, specially devised to help the
distiller. The only interest the gov
eminent has in the liquor is its revenue.
Prior to the passage Of the law Great
ing the bonded warehouse system the
= NCI1uS "dS uIu0 W1Ch UIuC 1lUOO1 {
made, and the government enforced it's
collection. But to enable the distiller
to carry his product over for a season
and thus give it greater value, a law
was passed relieving him of the duty
of paying the revenue until a period of
three years had elapsed after distilla-
ton. It is true the distiller could have
warehoused his liquor and carried it
as long as he pleased without the aid
of the law, but he would have to pay
the revenue in advance of the storing.
And when we consider the fact that
the revenue amounts to between $40
and $50 per barrel, we re~adily'see the
advantage to the distiller to have the
government carry this expense for
him. About two-thirds of the capital
employed in carrying over the liquor
In bond belongs to the government,
and it receives no interest on it's money.
Another important advantage derived
by the dfstiller..from the operation the
law is that the government is not only
his broker, but the holder of his
stake" With the receipt of the gov
eminent warehOuseman acknowledge
ing custody of his goods, he can go
into the markets and borrow more than
the original cost Of production, and
thus continue to produce a fresh sup
ply of liquor while his previous crops
are ripening under the guardianship
of the law. 1t is not necessary that
the government should build ware
houses and hold the liquor in bond
until a customer is found in order to
collect it's revenues. The law is against
the government, since it involves the
loss of it's rightful dues during the
space Of three years. In other words
itloans itsrevenues amounting to forty
odd dollars per barrel to the distiller
for three years without interest. The
bonded warehouse" was intended as
a measure of protection to the distill-
ing interests. And it has operated to
build up some of the handsOmest for
tunes that have been accumulated in
this country.
CLEVELAND M HARRISON.
Mr.. Cleveland saw proper during his
administration to go ON the market
and buy up national securities at a
ruinous loss to the government, in
order to relieve the distress of specula-
tors in Wall street. Mr.. Harrison
liked the policy so well he adopted it,
with Celebrations peculiarly Republi-
can. Upon another occasion MI. Cleve-
land, in order to prevent a ruinOus
shrinkage in the value of stocks, loaned
the banks about $50, 600, 900 without
exacting a farthing of interest. Mr..
Harrison followed suit with about
$21, 900, 900.
The act creating the national bank
ing system" is not only a substantial
aid to the holders of United States
bonds in loaning them money at a very
low rate of interest, but cOnfers upon
them most extraordinary power over
the public currency; the power to issue
money and increase or reduce it at
pleasure, thus rendering it possible for
great combinations of capital to bring
about periods of panic and depression
whenever it suits their selfish ends to
do 80. In the light of such we'll known
presidents, where the power of the
government to protect and aid special
classes of property under conditions of
peculiar disability has been repeatedly
exercised, how can any earnest, candid
Judge of the law and the facts deny the
right of agriculture, fulfilling like con-
ditiOns, to receive similar aid. Par
ticularly Osince it has already enjoyed
partial recognition of its rights in this
respect, some of it's products, notably
sugar, having beea on the duty list for
years, and today a bounty of two
cents a pound is paid or all sugar raised
in the United States.
SENATORS AND CONGRESSMEN GIVE THEIR
SUPPORT TO CLASS LEGISLATION.
The Sub-Treasury and Land-Loan
bills are denounced as "class legisla-
ton " in government, and therefore un-
constitutional. Just how sincerely this
charge is made may be inferred from
the fact that many of those who make
the charge have supported either in
whole or in part the policies pursued
by the administrative and legislative
branches of the government during
the last thirty years, within which
| tinno tho nrootoSt evils of class laoiSla-