The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1891-12-15
HE IS TOO FULL.

Last week we asked Bro, Herbert, Of
the Kinston Free Press, to show up the
bad spots in the Sub Treasury. Here
Is how it gets out of the job:
Our columns are too crowded now to
discuss the Sub-TreaSury scheme. but
we will ask Bro. Ramsey one question,
and if he answers that satisfactorily $50
as to convince that seems to be his
way of estimating the merit of an argu-
ment) we may ask some more queS-
lions. We wish him to tell us, pro
vided the Sub Treasury bill becomes
law, how the country will get along
during the dull summer months when
the people need money worse than dur
ing the fall and when they will have no
produce to sell or deposit in the ware
houses to get money with. We sup
pose Bro. Ramsey will acknowledge
that money Is scarcer among the farm
ers during the summer than during the
fall months.
We regret that the Free Press has
not space to discuss a thing of SO much
Importance. We notice that he Uses
up over three columns of space for edi-
tOrial matter in the last issue One
column would suffice for the Sub Treas
ury, and a large number of his readers
are interested in the scheme and they
would thank him for any light on the
subject. Knock the stuf1ing out of it,
Bro. Herbert.
We will give our opinion of the u
of the scarcity of money during the
summer months Naturally in a cotton
country like Lemon country. for in
stance. most all OF the cotton has to be
sold during the fail months because the
farmers have no Sub-Treasury ware
house to store any of it. Again the
tricks of trade" are such, aided by the
contracted currency of the country,
That the spectators can control price,
They have it down fine. In the cotton
belt business is stagnated now on &C
count of the short crop and low price
of cotton. But cotton goods are in de
mand and are bringing prices equal to
what ought to be at least - cents for
cotton that is bringing Z cents.
ANON Il Oh IIlCI Ciilltll. VI IbllOEI
county, could get 10 cents for mis- ten
bales Of cotton, how much difference
would there be? Five thousa1 d pounds
Of lint cotton al Z ceHts is $3.50, abso-
lut@ly a loss instead of any profit.
Five thousand pounds at ~ cents is
5000. So Farmer Smith would have
$3.50 in his pocket to day where he
hasn't got a cent. He could pay two
dollars for the Free Press, get Mrs.
Smith a nice new dress and still have
over 5000 in cash to carry him through
next summer. Where is this $3.50
profit. It is in the hands of the sppcu-
lator and the manufacturer. If there
was a warehouse in HinstOn. Farmer
Smith would have u chance to use some
money during the summer months.
The cotton mills would more naturally
come to the S}u5h for the reason that
the cotton Is stored here instead of 60
ing to New York, Liverpool, Glasgow
and Bremen. Our people suffer greatly
owing to the fact that they sell the cot.
ton ct ~ruinOusly low figures, and as
cotton enters largely inlo the manufac
tire Of SO many articles, u people,
under existing rules, pay the freight
and profits and other expenses nun
dreds and thousands Of miles and then
pay the freight and profits until the
goods get back to them again. What
it would be to the cotton belt it would
tie to the grain and tob 1cco beta
great boon.
The above are some of the reasons
for scarcity Of money during the sum
mer months and the remedy at the
same time. Bro. Herbert should stick
a pin here.
The facts and figures given below
are other reasons. Bro. Herbert car
investigate them and see other causes
for the scarcity of money, and as the
Alliance demands $50 per capita to bt
put in circulation, he will not be dis
posed to ask further questions O thi,
point, If that ia done there will be NJ
visible reason why any farmer should
nothave unreasonable amount of none,
all the time, if he tries. Now study
the figures below, Bro. Herbert, anc
then acknowledge that you have beer
answered fully and are a converted
J man:
: In 1866 we had $50 OF per capita
! average price of cotton in N. Y. 7:
cents. - -