The Camden chronicle. (Camden, Tenn.) 1890-current, 1891-07-17

treasury notes in such amounts as may
be required for the purposes of the bill.
1t further provides that the manager OF
the Subtreasury shall give warehouse
receipt for the commodities stored,
showing the amount and grade or quail
tY of the commodity, its value at the
time of deposit the amount advanced
on it, that the interest on the money
advanced is at the rate of per cent.
per annum, and expressly stating the
amount of insurance, weighing, class
ing, warehousing and other charges that
will run against it, which shall be ne
gotiable by Endorsement, and shall en-
title the holder to redeem the COM
modify upon repayment Of the principal,
interest and charges. 1t further pro-
vides that the managers shall receive
salaries not exceeding $1,000 per an
mum, and thatall commodities not re-
deemed within twelve months shall be
sold at public auction and the proceeds
applied first to the payment of the gov
eminent claim against it,. and the bal
ance, if any, to the holder of the ware
house receipt. This believe is full
and correct statement of the substance Of
the provisions of the Pickler bill. 1t is
but fair to state that / understand that
these bills will be amended by other
provisions providing for the loan OF
treasury notes on land at one-half It's
assessed value as we'll as on crops, l
am heart and soul with the effort to
secure
JUST LEGISLATION FOR THE FARMER
but could not give my support to this
measure, because do not believe it is a
relief measure. will not call in ques.
tion the sincerity of those who believe
differently, but with my knowledge Of
the subject, after patient and careful
investigation and study of the situa-
ton, with an earnest desire 50 find the
true remedy, would be guilty Of dc
liberate deception and fraud upon my
constituents were | TO tell them that
they ought to look to this measure fol
relief. When they ask for fish au MOI
willing to give them serpent. When
they ask for bread | am not willing tx
give them stone. am not only con
vinced that Che measure will never be
come law, but am convinced that Il
ought not to become a law, The very
moment we adopt a class measure we
furnish club to beat out our OWL
brains We cannot be for class legisla
ton and against 1t in the same breath
We stand convicted Of insincepity whel
we demand equal rights to all ant
J special privileges to none" and at thc
same time demand for ourselves priv
leges which we deny to Others
The people of the United States can
| not be induced to change the convic
} tions Of lifetime in the twinkling of al
| eye, nor will they trust their deares
2 interests in the hands of any party tina
sets its sails to 20 in two directly oppo
site directions at the same time.
! have always opposed every measure
Q which would help to centralixe the pow
? ers Of the government and to destroy the
Y liberties Of the people, and this measur,
t would be long and sure step in tina
: direction The Fifty-hrst Congress ere
q ated' 1895 new Offices and added fivt
b. millions of dollars to the permanent an
}. nual expenses Of the government l op
:. posed that. This bill would create
4 great army of new and expensive officer
p to be appointed by the administration
g 1t is slready hard enough TO change
n dishonest and corrupt administration
q and this bill would make it next to i'm
= possible. 1t would not only open wild
r the door to fraud and favoritism in tn
q grading and classification of cotton an
! grain, but it would afford the surest an
q most dangerous medium for the corruI
IS ton Of our elections.
=. 1t would be the means Of placing th
i cotton planters at the mercy of tn
IS splnners, who would stop their mill
.O VI III OAl onOIb bllhCY unOll UuSlI obJO
n of cotton on hand would be exhausted
d knowing that at the end of the year tn
Il cotton stored would be forced on tn
.. market and sold at public auction.
:. would give them the opportunity an
"a the excuse to sell their stock of mani
- featured goods ON hand at higher price
Il 50 that the profits on that would pa
D. them better to be idle for one year tina
o. to run their machinery. Higher price
, for cotton goods would diminish col
W sumption, and the consumer would su
"a fer with the cotton planter. At the Ell
IA Of the first year the cotton which ha
N been stored for the year would be force
10 into the market to compete with al
% lower the price, of the second crop
w the second crop should be stored
"a would be stored at the reduced pric
N and iho mills would have plenty of ii