The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1891-05-22

,ure of public money, $5OOOO,OOO 70 De- l
gin with, to establish and maintain t
these Government warehouses, which, c
under the existinG system of taxation, I
the farmers would pay the principal
part.
81. The measure tends toward central {
ization. 1t muItiplies power at Wash {
ington and gives the party in possession l
of it the means to perpetuate its ad-
of the government.
as. 1t Is class legislation. Why
should the farmer engage in the pro-
duction of cotton, wheat, corn, oats and
tobacco have the exclusive right 10 oe,
posit his crops in a warehouse, Dullt anu
maintained at the public expense, anu
to borrow from the Government at per
cent. interest so per cent. OF their Vaiue!
Why should the farmer engaged IN
raising stock, or in the productlon OF
hay, potatoes, rye, barley, hemp, eggs,
butter, wool, fruit or vegetables not
have an equal right to borrow money at
l per cent? Why should the mechanic
pl0ws, shoes, harness., brick or lmPie-
nents of wood or iron be deprived OF the
privilege of borrowing money at per
cent. on the product of his labor?
81 apprehenu that these are questions
that will perplex any Intelligent frlend
of the measure who will calmly take
the time to think over the matter:
sc. The measure will necessarily IN
vOlve an annual imitation ana conIrac-
ton of the currency. When the crops
| at the end of the season are stored IN the
Government warehouses;, the treasury
| will issue so per cent, of their value TO
the class OF farmers producing tne Ia
hood the country with hundreds OF
millions of treasury notes, all or whlch
| in a few months must be returned TO
\ the Treasury when the crops are solo:
| This seems to me, from nnanclal Slolnt
| of view, the most visionary scheme IN
| our history. That it would bring about
want of confidence in all commercial
pursuits and entail endless CONFUSION
| and disaster Is, to my nina, eYi1eht;
Confidence is everything to civilized
society, If the commerce of the world
depends Oh the ACTUAL volume OF money
10 circulation we would hnq tAaC 'ie
conducted on five times the currency
we now have. Not more than . per
can't, of all transactions are conducted
with CURRENCY the other B9 per Gedhtl Dei
by means of checks and drafts: \ man
cannot be in health unless his hlood
courses many times during a single gay
though 6is ar cries. m1 Sd % eaonm s.a the
, confidence of the people and calmly
, flow through the arteries OF trade ana
= commerce in order to secure the pros
? neritv of the government. Confluence
IS more important than the amount OF
2 money in a cCultry. We should have
= a circulating medium and standard OF
p value basel III Iho FREQ Coinage oi golo
neS ive Ts E i IS the oRa 0 sRa
e oreu doctrine of the fathers. which will
y commend itself To the confidence OF the
& country.
{ plus Q. = -. II crops held for sale. 1t
| would, therefore, result that the BOOKS
of the GQver4ment warehouses would
! show the amount Of sdtRlqS cGtI0h,
e country held for sale each year. This
r. would lead TO gigantic schemes OIL
speculation. Capital could then com
Q bine to control the surplus under the
s most favorable conditions. The Dill
II provides for the transfer of the ware
e house receipts, and they could be pur-
4 chased in any quantity, and when once
II these crops We're under the control OF
organized capital, pFIceS would go 4p
o and millions of dollars annually would
~ be wrung from the consumers of the
t country, who would be forced to buy
ri them to supply their necessities:
r. IGS, Tle measure is n I in the lntereS
D. of the uurlI f,it al +. Ii is Il scheme fo
q the ba 40. those who are cultivatlne
Z our Western prairies on an EXTENSIVE
T. acaie. THESE men, often organized IN
/, to syndicates, have MUCH trouble VIII
5, the lines of transportation: they com
Ie plain of exOrbitant freight rates, anC
TO are often placed at great Inconvenience
IN for the want of transportation, They
ID have little timber, and the storage o
n their enormous crops OF wheat Is
Il serious problem. IT they can get thu
Sc Government, in a treeless country, t.
h. build warehouses for them, pay agent
s. to look after and care for their grain anC
IL loan them at per cent. interest 80 pc
re cent of it's value, they would, indeed
e. be fortunate. Not so the farmers
e. Tennessee, Mississippi and Arkansas
A. Hs9. Lastly, it is not Democratic
Or measure, and never could have eman
b. atei from the brain of Democrat: Gen
TO Chalmers was right when he SAID lev
D. days ago that it was a Republican anC
l ~ Nan
in years, under the rule of the Rupubllcal
Ds party, this country has been robbed an'
lie pillaged by the favored and protected
Y, classes. Now, by the sub-treasur,
ne scheme an attempt is made to allure tn
TO farmers away from the beaten paths o
Ill Democracy in a vain attempt to secur
y class legislation fQr themselves. 1t /
g. better for victim in chains to continu
Is his q forts to break his bonds than l.
* take an opiate in order that his letter
~ may be endured. No mau realizes NOR
a. than do the I'M Justice done the farme
w by class legislation. No man appreci
C. ates more than | do the patience wit
H. which he has borne for years the mos
~ oppressive and eXasperatlng system O
in ta@ation that was ever fastened on
r. free people, Year after year, for
". quarter of century, he has hoped TO
n relief. During all that period there ha
n, never been an hour when the Demo
ne cratic party had control or the tire
c. coordinate branches of the Govern
in ment. During Mr.. Cleveland's ad
es ministration it had the Executive an
the Lower House OF Congress-, but tn
Senate remained Republican. WOul
t not be wise, in view of the recen
| elections, for the farmers to furthe
trust to the Democracy? Would it no
be wiser for them to place the n5mocrac
in power and give it an opportunity t
restore to the farmers their rights, tina
to abandon the party OF equal rights 10
this measure fraught with so much ev
}, and so many uncertainties? Are tn
farmers to remain freemen, retalnin
their capacity to take care of then
selves, or are they prepared to SUI
render all and throw themselves hell
IN, less into the arms of a paternal Govern
ment to take care of them and proVld
for their wants? What is the sui
treasury scheme but a prayer to tn
OF Government to take care of the farmers
le- You have protected the manufactured
y. you have taken cara o. the rich by re
ii IievIng the inc; Sc vi wealth from tax
es alton; You have provided for tn
ill pensIOner; you have distributed tn
*, public lands among pampered corpora
as, lions. Now help us! This is the gis
it, of the sub-treasury scheme, and d
IN not hesitate to say that it is obnoXiou
ng to every tenet In the Democratic cree,
at Democrats believe that grievance
n, should be redressed by abolishing then
n and not by palliating them by encouras
IN ing others just as hurtf4l.
us "The farmers of this country are an
Is, always have been our most conserVS
.
is- looks for the preservation of our IRE
he institutions. In my opinion if th
at, farmers should fall into this schem
DIS and enact it into a law the result woul
he be disastrous to the country. How Ion
n would it be before all other farmers nc
ii engaged in the production of cottoI
ill wheat, corn, oats and tobacco woul
he clamor to be taken care of? How lon
re would it be before the manufacture
n would ask to be permitted to store hi
b. products in a Government warehouse
es How long would it be before the gres
on army of laborers, the toilers who pro
n duce wealth, would clamOr for tn
of Government to provide for them? Ho'
lie long would it be before the idle, tn
ill vicious and the evil disposed woul
on make demands on the Government?
all "In this way pate rnalism would tax
IL the place of democracy, and our inst
" buttons would be ultimately subverteC
in Ii is a consolation to believe, as l do
of that the farmers will not insist on sue
er legislation,
as iFFha friends of the hill insist that
90. does no more for the farmer than it ha
re been doing many years for the dis
ng tiller5. l would like for yOu to eXplai
no the difference for the benefit of tn
ey readers of the Appedt-A UGtGnche."
ot al know this has been said, but it
its untrue. The Government heavily take
distilled spirits. The tax is about fOu