The San Saba weekly news. (San Saba, Tex.) 18??-1???, 1891-08-21
THE SUB.TRE.ISURY.

ED News Seeing an article il
your valuable paper on the sub
treasury plan, 1 will ask space tt
to present few thoughts.
I am an alliance nan and have
the interest of the alliance al
heart. l believe that the farmers
are in the most desperate circum-
stances; that reform is needed and
needed badly, and that we need
more money and less class legisla-
ton. 1 am opposed to the sub
treasury scheme and believe it and
the third party question are injur-
ing the cause of the alliance more
than all the obstacles since its Or
ganization. There are hundreds
of good men who would work with
the alliance farmers who would
do all in their power to promote
its interest, but they do not favor
the sub-treasury plan or the third
party issue. While I may be in
the minority of our brethren on
these questions, 1 feel constrained
to state my reasons for offering
them, and l must earnestly ask the
brethren of San Saba county to
consider these objection with an
unbiased feeling.
l. The bill proposes only to
have cotton, corn, wheiit, oats, and
tobacco. Why does it exclude rye,
sugar, rice, onions, potatoes, hay,
&C.? They are no more protected
than cotton, and yet the hay crop
is worth as much as the cotton.
Farmers who raise them are need
ing help just as bad as those who
raise the 5 articles mentioned in
the bill. What will they, or the
shoemakers, or blacksrniths do for
money to pay off the mortgage
resting on their property? They
must let it be sold because they
draw SOper cent of its value from
the government to which they are
paying taxes to enable it to loan
money to their neighbor at l per
cent. Is that Equal rights to all
and special fayors to none?"
2. 1t provides a way for the
farmer to draw so per centum on
his crops to pay his debts, and
then provides no way for him to
get the money to redeem his pro-
duce. If the farmer stores his
crop, he does it to get money to pay
his debts. He don't want to Dor
row money and pay interest on it,
to carry in his pocket Then if he
pays his debts, where will he get
the money to redeem his crop?
He must patronize the banks still,
for if he don't redeem his produce
the bill provides for 1t 10 be sold at
public auction, which is always at
a sacrifice.
8. The bill provides for a ware
house in such counties as raise
over 100000 of produce annually.
From this will be seen that the
rich and productive counties get
the benefits, (if they lie benefts)
of the bill, while the poorer coun-
ties, the class that neeI the help,
must still suffer.
4. 1t provides for the govern
ment to loan money at [ per cent,
on which it (the government is
paying 4 per cent.
5. The government now owes
81, 4OO,OOO,OOO on which it pays
annually S48,00O,00O interest; the
greater part being at 4. per cent.
Can any institution borrow money
at 4 per cent and then loan it out
at l per cent? The o)surdity of
the thing answers the question,
and so it does on all the bill pro-
poses to do.
1 might give many other rea-
sons equally as powerful, but de-
sist, asking careful perusal of
these.
One of the OLD parties will meet
the demands of the alliance.
There is no use for a third, unless
it be to let the party which has
been in power the last 80 years
the party which has brought about
our present trouble--go back
again to finish up its work and
o,,Drarc nc mora
b. REAGAN.
In (,rinne Again.