The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1891-07-14

economic publication Dallas, TeGas,
Southern Mercury.
Free Press: The most dreaded class
of people at this day, are the very rich
and the very poor. One is made pom
poUs and overbearing by the posses
| sion of wealth, while the other is made
vicious by hunger, cold and the plead
ings of a furnishing family. Although
both are to be dreaded, they cannot be
amalgamated, as liberty and slavery
are too foreign to each other to allow
blending together. Thus we have the
very rich to fear by their superior
financial advantage, and the extremely
poor to fear by inferior financial con-
ditions. More of an equality is what
will save the nation.
Congressman Walker, of Worcester,
in an address before the Springfield
Board of Trade last week, said he
thought this country had a more ex-
travagant and unreasonable banking
system than any other first rate nation.
It costs the people $40, 600, 600 more per
year for banking facilities and the
money they use than it should cost
them, or than it costs the people of
Germany, France or England. The
whole system, as to reserve, is faulty,
A reserve which cannot be touched
without violating the law might as
well be thrown into the sea.-NeW
Notion POofO17 M0co
The Sumner County Press and other
Republican journals are in a great
sweat over an imaginary scheme of
President Polk to defeat the Republi-
can party in enough of the Northern
States to enable the solid South to elect
a Democratic President in 1892. If
these wiseacres will just hold their
hats until February %, 1892, they will
have an opportunity to see what kind
Of a Democratic President the South
will elect. That we shall again see a
solid South there is no doubt, but there
will be. solid Northwest linked with
it, and the candidate for President will
not be Grover observation-disclosures Ad-
UOcGte.
The dates of some of the Alliance
State Conventions this year are as fol-
lows: Alabama, Montgomery, Aug. A;
Arkansas, Little Rock, Aug, 10; Cali
fornia, Los Angeles, Oct. 20; Colorado,
Oct. 3; Georgia, Atlanta, Aug. 80;
Illinois, Springfield, Oct. %; Louisiana,
Aug. 4; Maryland, Baltimore, Aug. II;
Michigan, Lansing, Oct. 6; Mississippi,
Starkville, Aug. 25; Missouri, PertyIe
Springs, Aug. 25; North Carolina,
Morehead City, Aug. II; North Dakota,
Grand Forks, June %; Pennsylvania,
Harrisburg, Nov. 10; South Carolina,
July %; South Dakota, Huron, date
not fixed; Tennessee, Nashville, Aug.
II; Texas, Dallas, Aug. IS; Virginia,
Richmond, Aug. IS; Oklahoma, Okla
homa City, Aug. Is.
Our Republican friends are weeping
and wailing because Col. Polk, Presi-
dent of the National Farmers Alliance
and Industrial Union, is spending so
much of his time and energy in the
Northern States, instead of going South
and laboring for the conversion of the
Democracy. 1t is a fact that Col. Polk
is doing a good deal of work in the
North, while Willis, PETER, Jerry
Simpson, Mrs. Lease, Mrs. Diggs and
many other northern people have ex-
tensive engagements in the South. In
fact, there seems to be a disposition for
a general mixing up Of the people of
these two long ~estranged sections; and
it is not predicted that the mixture will
be healthful to either of the old parties
that have heretofore done so much to
perpetuate the arrangement. This is
what causes the many tears to flow be-
cause of Col. Folks 1abors in the North.
Topeka, Kansas, Advocate.
From 1880 to 1890, the wealth
of the nation increased so per
cent. from $44, 600, 900, 900 to $780,
600, 600, 900. This increase was the
result Of labor; it was produced
by the toiling millions of the country.
But what became of this increase9 is
the great overshadowing question that
presents itself to all inquiring minds
and close students of political economy,
one of whom proceeds to answer the
question in letter to the San Francisco
ArgOnGWt. He says: Careful esti-
mates show that on January LIST, 1890,
of the sec, 600, 600, 900 of wealth in the
United States, 80, 600 leading capitalists
possessed 1886, $50. 900. leaving 500 75o