The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1891-08-06
GoyERSMENr CONTROL OF TRANspoRrAT1oN

GOVERNMENT CONTROL OF TRANSPORTATION
the third demand Of the Alliance. He held
that the constitutional right Of the Govern
ernment could not be controver1ed, and the
carry out the law. IL held that the expenses
OF the railroads IN lobbying. etc., must be
paid out of the peoples pockets. He then al
iuded 10 the demand for financial reform. or,
as expressed by the Ocala platform, the aboli-
OF Sub.treasuries.
The position of Col. Terrell Is here given in
his own language rs follows:
1--WE demnnd the abolition Of national
banks. BY this the Alliance means banks of
Issue. We believe the Government alone has
the right to Hlnke money and in the national
banking system the Government has dele
gated that power 10 the banks, without re.
Striction ms to the amount they should keep
In circulation. With the latitude great abuses
have grown up in con nnectiOn with them. and
the circulation has been expanded to suit the
money power TO the great hurt Of the farmers
any country Is at the mercy of those who can
control It's money, and believing this 10 be so
the Alliance rightly demands the abolition OF
the national banks as banks OF issue.
COMING TO TIE. POINT.
"Sccond. We demand that the Government
shall establish sub.trcasurles or repositories
IN the several States which shall loan oney
direct TO The people at q low rate OF interest,
not To exceed . per cent. per annurn. on i'm.
perishable farm products and also upon real
estate, with proper limitations upon the guam
tIty OF land and amount OF money. In this
demand the Alliance Intended TO provide for
Increasing the circulating medium by ndVan-
ins money on land (Which they uemand shal
be increased to $50 per caplta.) In the ad-
vince on farm products the Intention was TO
give to the circulation that fieXibillty ahso-
lutely necessary TO the fare and protection
Of the farmers.
"Now let us first look Mt the necessity of an
Increase Of the circulation. believe that
Shall be able to prove TO the satisfaction Of
any reminded man thata very great crime
has been committed against the people by
contraction OF our circulation. II you VIII
examine statistics for the last twenty-five
years you will find that they will prove three
things: First. That the per capita volume Of
currency hHs been constantly and materially
IeSsened; second, that bankruptcies anu fall.
ures bnve rapidly multiplied In consequence
third, that the national debt during this Pc
riod has increased instead Of being dimil.
ished."
He then dealt with the subject of the con.
traction of the currency and the resultant
failures and losses. Speaking Of the plan OF
relief Col. Terrell said that the sub-rensnry
was introduced to give the people control Of
criminntlon against the producer. He dis,
clsscd ut length the need tor more money and
defended cotton as good basis as gold bull
lion.
WE SHOULD SAY so!
This was the essential part Of the argument
and the speaker maintained 1T with great
force Col Terrell In his address necessarily
went over Il great deal of the ground covered
in the address OF Col. Polk, and which was
given to-day in the News and Courier.
GOVERNOR TILLMAN
was received with great enthusiasm when he
arose 10 speak. lle was evidently in tho
house of Alliance men and friends. Opening
his speech he said:
II thank you for the cortliality with which
l was received by you yesterday, and for Ihe
renewal OF that feeling to-day. AT the outset
would call attention tn the charges that
have been made Inside and outside that
have been fighting the Alliance. need not
tell you that such cllurges arc not true. Zap
plnusc.
III am aware that the Alliance has been crit.
lcIsed and that / have been applauded and
pntted OH the back on the assumption that
there was personal fight between the ALI
unce and myself but l tell you my friends
that that endorsement has been OF no avail
l(Applause) It was too transparent Gap
plause.) If they have beer urging me for
ward OH the suppositlon that there was Il wal
between me and my friends In the Alliance
| they have been mistaken"