The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1891-09-22
P TO OBJ. J. NJ"
The Editor of the Faulkner County Ar
kansas Wheel Goes for "B. J. NJ"
With Some Logical Arguments.

With Some Logical Arguments.
Mr.. EDTTOR:-I notice "B. J. N"
criticises the statement Of the Faulkner
County Wheel, saying that IF the
Sub-Treasury had been in operation
last fall. the price of cotton would not
have fallen two or three cents" The
Wheel stands by it's assertion. The
fall in the price of cotton was not caused
by the abundant crop, for the world is
still in need, but by ~Ourfalse monetary
system. Had the Sub-Treasury plan
been IN operation, money would have
been abundant, and farmers wOuldnOt
have been compelled to sacrifice their
crops to pay pressing debts, for where
money Is abundant people get out Of
debt.
Europe would have bought just as
much of our cotton at 12!, Oh perhaps
at Is cents, as at s cents. Their fac
tories must run; they sell their manu-
featured goods to the world; they
bought $40. 1872 more bales the past
year than they did in 1890. IN all
countries of the world the people are
worse clad than for years past, and
need far more clothes than they have
the ability to purchase, because of the
reduction of wages and the prices of
the products Of labor throughout the
world, but more especially in our own
country. Under the Sub-Treasury
plan, Liverpool could not control our
crops, and especially the cotton crop.
Every effort to lower the price Of cot
ton would stimulate the manufacture
Of cotton in the United States, which
is even now so large as to disturb the
manufacturers of Europe; hence there
would be no effort to reduce the price
Of cotton to the cost, or e. below the
cost of production.
We hope there are no Alliancemen
who are so ignorant as to imagine hat
America must depend upon Europe for
a living, or that we have to depend
upon the money of Europe for
daily bread and the clothes we wear.
1t is that idea among the so-called sta
tisticians that has caused so much
distress tOus sand the world, and Europe
encourages it because they profit by it.
Give us the power to procure legal
tender money Of government at 2
per cent, upon good security, and we
will soon get out of debt, and cotton
farmers would not think of selling
their cotton for less than ten cents.
The few that are now out of debt are
compelled to sell their crop at the same
price their debt-burdened neighbOrs
have to sell at. A man in debt must
sell, and take what he a get if he is
out of debt and can control his product,
he can force the party that must have
it to pay him a fair price for it, and if
he was greedy enough, an eXtOrtiOnate
price for food and clothing must be
had.
The Sub Treasury plan is to enable
the farmer to control his products by
borrowing money at q low rate Of in
tereSt to pay his debts; debts being
paid he can hold his crop, and the
consumer must pay him a fair price
for his cotton, wheat or other products
that the factories must have or stop,
and the food the consumer must have
starve. We hope "B. J. n" can
realize this statement.
If Liverpool controls the price of our
cotton, why did they not do it during
the war, when cotton went up to so
and Is cents in Liverpool? Liverpool
must hare cotton to keep the factories
of Manchester going, and if cotton was
so cents per pound, Liverpool would
have to pay it, for the stopping of the
factories for want of cotton, when it
could be had, would mean the depriv-
ing of hundreds of thousands of their
daily bread, and the destruction of the
government. But there are none so
blind as those that won't see.
If "B. j. N" don't like the details,
he had better perfect them, instead of
finding fault.
Yours fraternally,
EDS. FAULKNER Co. WHEEL.