Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1891-08-12

tobacco, cotton, wool and sugar all together.
a sub-treasury office, which shall have in
connection with it su' h warehouses or ele-
vators as are necessary for carefully storing
and preserving such agricultural products
as are offered It for storage, and it should be
the duty of such sub treasury department to
receive such agricultural products as are
offered for storage and make a careful ex-
animation of such products and class same
as to quality and give certifir ate of deposit
showing the amount and quality, and that
United Stairs legal tender paper money,
equal to eighty per cent. of the local current
value of the products deposited has been ad-
vanced on same, on interest at the rate of
one per cent per annum, on the condi-
ton that the owner or such other per-
son as he may authorize will redeem
the agricultural product within twelve
months from date of the cert fcate or
the trustee will sell same at public auction
to the highest bidder for the purpose of sat
isfying the debt. Besides the one per cent
interest the sub treasurer should be allowed
to charge trfie for handling and storage,
and reasonable amount for insurance, but
the premises necessary for conducting this
business should be secured by the various
counties donating to the general govern
ment the land and the government building
the very best modern buildings, fire. proof
and substantial With this method in vogue
the farmer, when his product was harvested
would place 1t in storage where 1t would be
of it's value to supply his pressing necessity
for money at one per cent per annum. He
would negotiate and sell his warehouse or
elevator certificates whenever the current
price suited him, receiving from the person
to whom he sold, only the difference be-
tween the price agreed upon and the amount
already paid by the sub treasurer. When
however, these storage certificates reached
the hand of the miller or factory, other
consumer, he, to get the product, would have
to return to the sub-treasurer the sum of
money advanced, together with the interest
on same aud the storage and insurance
charges on the product
Now where is there one single word
about the issue of a supplemental or
extra volume of money or about the
cancellation and destruction of the
money received from the holder of
warehouse receipts, in payment of the
money advanced to the farmer who
stored the grain?
Therefore / conclude that in order to
I'LL the requirements of the sub-treasury
plan we need simply:
1. A steady, uniform volume of legal
tender money amounting to $50 per
capita
2. United States bonded warehouses,
for the storage of non-perishable prod
of United States officials, such officials,
however, to be elected by the voters of
the county in which such warehouses
are situated and to give good and suf-
ficient bond to the United States.
3. A law requiring such warehouse
officials to issue to each Individual, stor-
ing products in such warehouses, a
warehouse certificate or receipt setting
forth the kind, amount, grade, quality
and condition of such products.
4. United States or peoples national
banks of deposit, loan and discount, es-
tablished in every town and city in the
nation demanding banking facilities.
Such banks to receive deposits from in
dividuals and pay one per cent. upon
time deposits; and to loan to the people
at two per cent. upon land and also
upon United States bonded warehouse
certificates.
This plan, involving the storage in the
nations care of the farmers products,
would give to the farmer for such prod
ucts the price now realized by the spec
ulator; while the advance made him by
the people, or government, would make
it possible for him to store his products.
But such advance should be made out
of the regular or normal volume of
money outstanding and in circulation.
The alliance demands the speedy in
crease of the volume of currency to
$50 per capita. Let such increase be con-
certed into banking capital for a system
Of peoples banks, Of, 6y and for the people
The sub-treasury plan is desirable and
necessary because it enables the farmer
to store his products and sell direct to
actual consumers. The money advance
is made to him to make it possible for
him to hold his crops and not to affect
! the price of products This is the easy
line of argument for sub-treasnry ad-
| vocateS. GEORGE c. WARD
| KANSAS CRY Mo