The Greenville times., 1891-06-27

ao RrAL ADDITION.
The $40 per capita Of tho treasury
potes as proposed by me will furnish
Ibis mitigation, but the sub-Lreasury
sebeme win not. It will really increase
ne trouble The reason for this Is
plaiu. The SUb-TFeasury scheme
Iasl-as no real addition TO the currency
of Mississippi, and the addition u
makes 10 the currency Of the Wheie
country is temporary, having DO other
efFsct tban 10 retire from active eireu-
lation the money it supplants, 10 TO
turn again to circulation only Wneu
ths treasury notes advanced on cotton
and other products shall be taken
from circulation and returned into the
treasury. Yet | would again repeal
that so long as the protective system
remains to hinder manufactures III slle
Sopth and transfer annually sos, ,VVV,-
000 of wealth to the manufacturing
sections we can get no safe anu certain
relief by any increase in currency now
ever great the loan on land.
This question, SO far as | nave oo-
served. has not received much adVo-
cacy in this canvass. shall, therefore,
spend but little time on 1t.
[ regard it as even more oblee'loh-
able than the loan on cotton, for under
any scheme have heard mentioned u
would necessarily create an irredeem-
able. aud. therefore, deprecated paper
currency. A deprecated currency y
the worst of all evils for all but bank
ers and brokers, who gain per cent
! age whether they buy or sell deprect
ated money. 1t is equally subject ''
constitutional objection. L have seen
no bill formulated OH the subJec
except Senator Stanford's, which mad
/, the loan for twenty years at IL pc
cent.
THE LAND LOAN.
This would necessarily lead to tina
) initiation aud depreciation of the cuI
rcncv which would render all bushes
i unsafe. Besides, the adult male land
! holders in the United States do nc
i exceed, as | believe, 26 per cent OF III
q adult male population. Already
d the North the landless are striking
q the rights of property in the Liant
o There is not the slightest chance ths
q the land loan bill could ever be passe'
n If it were passed it would increase u
q. violence of the attacks on landt
T. property and increase the now grow
n ing sentiment in favor of communist
" If it shall become a prominent que
ii ton in the canvass, | will give 1t mo
ct attention hereafter.
have appended a copy OF an &c
torial written by Major Barksdale
1879, as stated by the Free ooui
es which contains an unanswerable
I's gument against this and also again
10 the Sub-Treasury scheme. | do th
d' not to show any inconsistency in t
or writer, but to give you the advanta
u of the reasoning contained in 1t a
pl supply the deficiency in my ov
NC Your resolution asks me how l pl
es pose to get the $40 per head circu
ns ton among the people. Whetl
u through Wall street or the banks,
'a' will il come direct to the people.
pc answer that | don't propose to all
ny Wall street or the banks to have
", cent of it in its progress to the peol
~ ROBBED by THE TARIFF.
Id How much or how little these fin
ar. cial actors may get from the peo
lis afterward depends on whether
c.i- protective tariff robbery shall contil
to or not? The great truth on WI
be my answer is based is obtained IN
ton fifth demand of the Ocala platform
or these words: ave believe that
of money of the country should be !
odd as much as possible in the hands OF
At people, and hence that all Nati'
the aud State revenues shall be limitet
be the necessary expense of the Gov
rest ment economically and honestly
, 80 ministercdn Never was a graz
|, or truth in political economy stated Il
Y in clearly aud with more logical precl
the plant myself on it, as | have
the during all my political life.
YOU money of the country should be
in in the hands of the people who ca
apee aud not to be taken by the Coy
,ken ment for is own life beyond a
necessity nor transferred. as is
by the protective tariff, from one
to another. The one great trout
the that the money earned by the Soul
nally people is not permitted to remain
sippi them, but is taken annually tt
Us III extent of SS per head for revenue
too poses and $40 more per head
D per transfer to the manufacturers.
,rtifl- There remain other questions
wner answered am asked to what
adds | will labor to have the Ocala pla
shall enacted into law. lanswer as to
,pean parts | approve as herein pointed
issip- ii Is my sworn duty to do all
which power to have enacted into law
ultl- to those parts herein opposed,
much likewise my sworn duty to us'
'ency. energy aud diligence to defeat.
ether mean to discharge both duties
le 100 with the single purpose of adva
might the public good without referer
there any good or harm that may co
lcy in me.
have
out AN OPEN SWITCH.