The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1891-08-07

s,e of currency but maintain that
tne flexible currency AS enunciatsd by !,
ls4Uu41 4. : 1850 pf4tes0
commodities BY static. That, my friends,
q falsacy, bccau the price must bc
regulated by the inflex bio law of supply
and demand.
FOLLY OF TUE CorTON sroR AGE IDEA
Governor riilman said that in case cot,
ton got damned up in the warehouses
the consumers would know that il would
have u come out in time and that Just rs
soon as the quantity was known, which
could not TIC concealed, the price would
pravitate tn its normal level. This illus
tration he introduced to show that an AT
tiiicial means could not Cvalc or run
counter tu an est sblisucd law in the COM
mcrcial world. Ii was asserted, he said,
that by spreading the supply over twelve
months the II in price would he pre-
vented and That the evils of mcons,ant
prices would H2pbsiatcd. They had,
however, forgo hat by the terms of
the bill by vi the whole could bc
only held for twelve months ono twelfth
of the crops must he sold each mon h,
and that there was absolutely nothing tn
hs sges%!atG5 {E9m HAss hRYisE asls,Ihs ~
laws. He would have the same chance
with the sub treasury as he now has with
the people. The Governor held TO the
position that the sub treasury bill was
class legislation, or, rs he put il day,
'it is special privilege rather than II
r Ch,." admit, he said, that the Coy.
, crnmcnt has loaned money, but the right
for such action is based on the general
welfare clause Of the Constitution, and
not upon proscriptivc or statutory right.
1t will not he denied that any scheme
NAV take for its assumption of right the
elastic general welfare clause of the Con
stitution. which from its very name set
tics no specific right or principle.
rArERNALIsM IN GOVERNMENT.
hold again. said Governor Tillman on
the next branch of discussion, that the
sub treasury bill is fairly open to the
! change of patcrnalism. 1t proposes to
| concentrate the business of the people In
lelMzefreezs hllGI3uylsee eelSeesne
\ Best that governs least. Applause. In
other words, that there should be equal
rights to all and special privileges to
none He would appeal, he said, to the
| good sense and patriotism of the people
in the majority to aid in the obtaining of
| Just and reasonable lave, instead of the
| partisan favoritism shown by the Govern
| mcnt in the maintenance OF national
banks and nursing private manufacture
ing industries. Applause
| CALLS POLK \ SOCIALIST.
lie characterized Col. Polk's views on
| the money question, referring to the Gov
| ernmcnt lending money with the avowcd
! intent of injuring other ella scs of bust
! ness rs Socialism ii would amount i'm
| the end 10 the division of the property of
| the people and produce n condition in
which the providcnt and the improvident
would share alike.
Governor Tillman repeated here that
| the hllilncc all agreed AS to n grievous
J wrong existing, and That the dispute was
only as to the remedy. He pointed out
a. causes or the burden on the people OF
the South the inequalities of the burdens
laid G.. .!i,ii shoulders as compared with
the people of the North and elsewhere
! He showed that the millionaire and the
poor farmer were the simultaneous and
J necessary product of such laws. He
| thought that there was lust as much
hope at present for getting the sub treas.
ury bill through rs there was for the
South being paid for negroes OF getting
/, the Federal p nsions reduced. On the
| contrary, nc saw Il disposition To pension
| every hummer. whether not hc had ever
| heard the whH Of il bullet. In fact, he
| believed the time was coming when the
pensions would be increased TO 5000, 600,
| O00
SOMETHING ABOUT TIE THIRD PARTY.
Governor Tillman then paid his re
| spccts to the Third Party. He read tab
ulatcd statements showing the cl, ctoral
| strength Of the Democratic and Rcpubii-
| can partics of all the States Hc took
those States in which the farmers were in
/ the majority and said that if al of them
declared for Third Party they could
not elect President.
HIS IDEAS on THE CTBRENCY.
| Governor Tillman gave as his remedy
| for flexible currency the repeal "i the
| 10 per cent tax on state banks and the
| establishment Of banks 10 ISSUE money
| based on land aud crops just as our cred
| il is now ba ed on loans and mortgages.
| He was in favor Of the farmers establish.
! ing their own banks and printing their
| own money instead Of paying such high
| rates Of interest He held that VIC might
| have sub treasury under State control,
| but "A sub treasury under national control
| meant the pcrpctuatiOn in power of the
| party by which il WAS established.
Governor Tillman closed by making an
, appeal for unity, harmony and charity,
! and the State.
OTHER MATTERS.
After the addresses the AIIIancc pass
cd resolution of thanks to the speakers.
A resolution was passed endorsing TIT
|