The midland journal. (Rising Sun, Md.) 1885-1947, 1891-05-22

are, and they are subjects Of discussion
among the members in every sub-Alliance
in the country, but no member has a right
to go outside of his society and abuse it, or
seek to stir up strife in the order. There is
nothing peculiar about this. As TO voting
for candidates Alliance members are very
apt to vote against machine politicians, and
condemn much of the legislation that has
been enacted by old parties. The teaching
OF the Alliance is responsible for this and
not the Alliance as party The "third
party movement-what ever that may be-
has strong following in the Alliance
says Mr.. Steel. So have the democratic and
republican parties. The former had enough
to Gust Wade Hampton, and bring Gordon
a suppliant 10 them; and the latter had fol-
lowers enough in The Alliance to GUST In
gals and elect legislature composed of
men who were in accord with the majority
Of the people of Kansas.
On the land loan question Mr.. Steel falls
IN behind the monopoly press in assuming
that the government would get all the farms
by foreclosure. The government would not
foreclose because the money furnished at 2
per cent interest would pay off The mortgages
drawing from 6 to 10 per cent and save
them from foreclosure by the gold money
ring, (who are daily foreclosing and evict-
ing farmers) and the increase in the volume
of money would revive business, increase
demand and stimulate prices, lower the
usurious rates of interest, and dispense
blessings like the dews Of heaven not alone
on the borrowers but on all who are engaged
in honest industry. We have precedent for
this in land loan act which Benjamin
franklin secured for the colony Of Pennsyl-
vauia, which proved such boon to the
farmers that the value of land was doubled
In place Of foreelosed. France presents a
similar example; and Frederic the Great of
Prussia brought his kingdom from the
depths of poverty and despair to wealth and
prosperity BY similar system Of finance.
The Jewish system of finance with which
we are now afflicted has robbed every nation
under the sun. The system which is pre-
scented by the Alliance has brought pros
periiy 10 industry wherever and whenever
tried.
1t is quite amusing to read some Of Mr..
Steels yagares. Here is one Of them:
tThese alliance men haye got an idea
into their heads-they got it from the
western farmers that all they have TO do 10
Increase the capital of the country seven
times or any number of times, is merely to
pass law 10 that effect"
Oh no they do moi have any such ideas.
That originated in Mr.. Steeps imagination.
BY the way, he appears TO possess a fertile
one from which he draws his Alliance facts
| Again:
"The prices OF agricultural products, as
the prices of manufactured articles, ought to
be and must be regulated by the law of
supply and demand"
Very good. Now let US try money by
this law. Ifagricultural products, etc., are
scarce the price rises. 1t takes more money
to buy them. Let US make money scarce
and more products will be required to buy
small sum Of money. Namely, the price
Of labor and products will fall. That is
lust now the trouble. The quantity of
money in the country which is in circuia
ton is very limited, not SIS per capita.
Money is scarce; prices are low, people are
out of employment, bankruptcy and every
snenipS IF frand and or;p,o oro ,or,,,,,,I
Compare this with '66 to 20 when money
was So per capita. Only $40 bankrupts
were reported by Bradstreet, with $f7,-
625000 liabilities. Last year over 10 277
bankruptcies aggregaling $3l2, 800, 900. In
terest. fees, taxes, salaries, rents, are nearly
the same as % years ago. The Alliance
contends for stop 10 this ruinous system
of finance. A plan is proposed and better
asked for. None has been produced. Mr..
Steel misunderstood our challenge. We do
not challenge him to joint discussion but
will find DICTATOR that will meet Mr.. s. or
any other gold bug champion who attempts
to defend the present financial policy or
discredit those put forth by the Alliance.
Mr.. Steel's thesis is this
"That an organization of farmers based
upon reason and common sense, and con-
Quoted by practical methods would do
great deal of good. but the silly and vision
airy schemes of the Farmers Alliance If
carried out, would prove dangerous to the
welfare of society at large and consequently
very injurious to the farmers themselves
We ask him 10 present that system and if
better than those advocated by the Alliance
it will be adopted; and we also challenge
him to point out any schemes of the
Farmers Alliance" that are visionary and
give reasons why they are visionary, in
place of inveighing against them without
attempting to furnish reasons other than
Hr. Steels mere say SO. In place of even
stating these schemes, invariably something
having no relation 10 the Alliance
schemes" has been substituted out Of Mr..
SieePs fruitful imagination. Not single
statement in his whole article that is not
misstatement, aud not an ATTEMPTED con-
struciion that does not misconstrue.
Mr.. Steel closes his article in the follow
ing grandiloquent paragraph:
IF the alliance men have anything fur
Their to say against that proposition | shall
be glad to hear from them, as it is evident
from their preceding articles that the more
they write upon the subject the more thew