Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1891-06-17

Inc opposition comes from JUc MOuOy
lenders and capitalists who want to keep
the government out Of the money market
that they may stay in. Still a third plan
proposed is to stop collection OF gov
eminent taxes Except that on whisky
and tobaccol partially or wholly, then we
will not need SO much money. and issue
9reenbacks. making them legal tender, to
pay government debts and all the running
expenses OF government and all private
debts.
PRESIDENT BUTT AS A FINANCIER,
To this plan the laboring man does not
out it means issuing about 100000 600 in
one year, and then some S150,O0O, 900
TO $780, 600 a year after till
we have money enough for our use
say $50 per capita. But rapid increase IN
the money of the country Is not always de-
Sirable; happy medium is better than too
great a change. The principal directors
grow rich by absorption Of the peo-
pies wealth, without rendering a fair and
honest return therefor, which he Is en-
ablcd to do by operation of law made oS-
tenSibly to protect labor, but really to en-
able the capitalist to rob the, people of
just compensation for their labor.
A question of vast Importance
be the status of the government
note when issued. All agree it must be a
full legal tender and not carry interest,
but some people, and they are all or near
" all now in the Peoples party, insist that
these notes need not and therefore shall
not be redeemabIe in anything, claiming
that the faith of a nation is pledged to
keep them as valuable as com.
Still | am unable to determine how this
can be done unless these bits of paper,
valueleSS in themselves, are to be re-
deemed in something having some intrin.
sic value. Even in Looking Backward"
the bits of paper were all redeemable.
Law can make them pass to pay debts, but
law cannot compel me to trade my horse
for them.
This question is upon us now, and deem
it the thing to do to now take position on
1t that all may know where we stand;
shall we stand by redeemable or
We are accused of the Latter, and the
mere accusation. is being used to keep
farmers out of the fold. We should put
the negative on this accusation if It is not
correct, or if correct admit it like men that
those who do not hold to this idea of money
may have no doubt of our position.
SECRETARY MooDY's REPORT.
Secretary Moody's report shows that
the past year has been one Of great
progress to the Alliance. On June 3,
1890, there were IS subordinate ALI
ances against 27O at the present time,
showing an increase of 1872 during the
year. The semi-annual reports re-
ceived show an average membership of
81. Upon this unit of calculation
Secretary Moody estimates that the
order has an aggregate mem
bership of 500 in the state.
But as some of the alliances are inactive
he figures the active membership at
5000 showing an increased member
ship Of 5000 during the year. There
have been ten county alliances organ
lied, making in all twelve county
organizations The subordinate al
liances have become quite prompt in
making payment of the annual dues of
25 cents per member. The receipts
from this source have been 1928 SO. The
total receipts have been $l,237.63. Mr..
Moody estimates the receipts to
times the amount of those of
the past year. The receipts were light,
only sufficient to pay printing bills,
office expenses, etc. until January,
when they were liberal, soor accumu-
lating until organizers could be sent out
to do missionary work. There
is constant and increasing call
for printed matter and for speakers
from all parts of the state. The issue of
$4,000 copies of the constitution and by
laws printed in English, German
and Norwegian. has all been distribut-
ed, and calls have been receive for
German that could not be filled.
Secretary Moody recommend the
year in the three languages as before.
The following committee were APP
pointed:
Finance-John r. Jones, La Crosse; P.
L. Scritzmeyer, Chippewa Falls; William
Webster, Vernon.
Resoluuons-R Hennessey, st. Croix;
George DunforG. RIchland: l.. B. Cox, La
Crosse; George L. Rowland, Wood; John
Pow erS. Pierce.
LA CROSSE, Wis. June 1O.-The Farm
ers' Alliance convened at 9 this morn
ing with decreased number present,
more having lett than arrived. Com
mittees were appointed as follows:
To confer with delegates from other Ia
Dor oroaniZatiOns-A. j. Phelps, George
Tate, Charles KeSchner.
On inSurance-C. Hoffman, A. ]. Dow,
Reuben May.
The committee ON consolidation re-
ported favorably on the proposition,
and recommended that the question be
submitted to local alliances for rati.
hcation. A very extended discussion
followed, at tunes quite earnest. Ihe
objections were chiefly that the Wiscon-
sin Alliance would be committed to call
convention and adopt a platform with
the measure for government loan Of
money at per cent. on realistic Sc
curity." Col. Polk, who decided to re-
main here another day, was called
on frequently for information, and
was very earnest in appeals for
union. A number of delegates OPP
posed and still others resisted
any precipita.ed action. The report
was adopted, however, but two-thirds
on the local Alliances must ratify the
same before the 1st of September. A
motion prevailed that the next meeting
be held later in the year, the time to be
fixed by the executive committee. A
ballot was taken on the place Of
the next meeting and Eau Claire
received SO out of ia votes. A COM
munication from the knights Of Labor
of La Crosse, n favor of uniting with
the Alliance to establish third party
in Wisconsin was read and unanimous
ly adopted.
LA Crosse, Wis, June 1.-THE Farm