The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1891-08-07
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.'Second. Wei IA the Gov.
ernment shall ests III . {easuries or
repositories in thi States which
shall loan money difect 10 the people at
low rate of interest, not to exceed per
cent. per annum, on imperishable farm
products aud also upon real estate. with
proper LIMITATIONS upon the quantity of
land and Snount of money. In this de-
mand the Alliance intended to provide
for increasing the circulating medium bv
advancing money on land (Which they
demand shall be increased to $50 per
capita.) In the advance on farm pro-
ducts the intention was to give to the
circulation that fiexibility absolutely nee.
essary to the welfare and protection of the
farmers.
"Now let us first look at the necessity
of an increase of the circulation. / be-
lieve that l shall hs.skle to prove to the
satisfaction OF any Anfnded d4man that
avcry great crime has been committed
against the people by contraction of our
circulation. If you will examine statis-
tics for the last twenty y-fve years YOU
will find that they will prove three things
First, That the per capita volume of cur
rency has been constantly and materially
lcsscned; second, that bankruptcies and
failures have zap dly multiplied in conse
qucnce; third, that the national debt
during this period has increased instead
of being diminished
He then dealt with the subject of tbc
contraction of the currency and the re
sultant failures and losses Speaking of
the plan of relief CO'. Terrell said that
the sub-treasury was introduced to give
the people control of the circulation and
the power to prevent discrimination
against the producerS He discussed at
length the need for more money. and de-
Tended cotton as good a. basis as gold
bullion. rs
eovEnNoR ArtnLMAN
was received with great enthusiasm when
he aro'e To speak. He was evidently in
the house of Allianc @ 8mcn and friends.
Opening his speech he said:
81 thank yon + the cordiality with
which was received by you yesterday,
and for the renewal of that feeling today.
At the outset l would call attention TO
the charges that have been made inside
and outside that have been fighting the
Alliance. need not tell you that such
charges are not true. Applause
al am aware that the Alliance has been
criticised and that have been applaud
cd and patted on the back on the as
sumption that there was personal fight
between the Alliance and myself, bIt |
tell you my friends that that endorsement
has been of no avail. IApplause. 1t
was too transparent. [Applausc.] If
they have been urging me forward on the
supposition that there was n wal between
me and my friends in the All ance, they
have been mistaken.s
TESTING FHE oc3tf.A PLATFORM.
Governor Tillmap thsn took up the
Ocala platform aud discussed It from the
opening to the closi q section. He laid
great stress on the VI blue and importance
of the free coinage 6f silver and explain
cd the robbery COM lnittcd by It's demor.
elization. He then }nrgned in fa-or OF
an income tax and fthe absolute necessity
of having Senator's elected directly by
the people so as Ito get rid o. the powc'
exercised by Nlliona!fes who bought
aud sold the peoj Ike cattle or h. gs.