Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-08-30
A SUB-TREASURY TRICK.
SOMETHING ABOUT THE IMPRAC-
TICABiLiTY OF
The Sub-Treasrly Scheme-Proof that the
Sub-Treasury Leaders Arc Only
Office Seekers-A Prophecy
ALE. TARRASr COUNTY. TEX, Aug. Is

2600 counties in the United States. l take
it for granted that this bill (H. r. 1862
| would reach 1000 counties. For each
warehouse it would require one
| manager, about two weighers,
! and five draymen. making eight TO each
| sub-treasury or 5000 in all. a very nice
| little army OF new oifice-holders. The man
! ager is TO receive Sl500 per annum; the
| weighers say $500, and the draymen $1,000.
| making $500 Tor new olfice-holders 10 each
| county, or $4,000, 0O0 in all, paid out OF the
| farmers products in the United States.
| Still there are some other items that must
| not De forgotten, that is, insurance, storing,
holding. shipping and interest. [Sec. 8,
| II. Il. il62.
Section ) OF this bill provides that the
interest on the money advanced must be at
the rate of per cent per aunum.
The products Of cotton. corn, wheat cats
and tobacco amount 70 about 81, 900, OoJ 900
per annum Now So per cent or four-ffths
of this amount is 81. $50. 000.000 the amount
advanced. As stated above, the farmers
, are required to pay per cent per annum
on the amount advanced, or about 81, S0O,-
| 0J0. 1t viii also require several hands and
machinery to keep corn, wheat and oats in
any kind OF Il salable condition.
The farming class is Justly kicking every
day at taxation aud high rate of interest,
Yet these ''sub-treasury bosses" are trying
TO stuff some more Of the extravaganza
down their throats. instead of working to
Gust the unjust Republican burdens that
have been heaped upon all laborine classes
IN nearly every congress since and during
the late rebellion.
Where is this OG00. GOO proposed to be
appropriated to build sub-treasury ware
houses 70 come FROM | answer. from the
pockets of those who have produce for sale.
Every person knows that the expenses On
the features on which | have made figures.
would be much greater. If any person will
deliberately consider the expenses of this
newly hatched scheme, he viii see the ''re-
lief part" of this plan IS to relieve the
farmers OF all they have, not even leaving
them enough to buy rs sacred thing
as Bible, as essential thing
as meals victuals, and as important a thing
as shroud in which TO place himself in his
final resting place.
II these ofice-seeking. third party, sub
treasuryites will take good feed of corn
shucks and wheat straw and then be cur
ried and rubbed down, then spend few
days with the farmers aud listen 70 some
good common sense talk, they win learn
that the weeviis, the rats, the damn
weather, and many other troubles, destroy
corn, wheat and oats when it IS stored
away, and, of course this lowers the
future price of these products. Every farmer
knows that cotton raised in 1890 will not
bring as much to-day as cotton that is now
being picked, hence the longer cotton is
kept the lower the price gets. There are
three important features about the sale of
farm produce. l. The farmers who raise
and Put the produce on the market. .. The
spectators, CT those who buy the produce
from the farmers and sell it TO the mani
factories 5. The manufacturers who buy
the produce from the SPECTATORS.
This sub-treasury warehouse scheme
proposes to put the government in
staai OF the spectators, or between the
Speculation aud the manufacturers. Sup
pose it takes the place of the former
Every person who is interested i'll the
financial weifar3 OF all classes alike, ask
yourself this question: Is there anything
IN this scheme to prevent the manufact-
urers from forming ring against the gov
ernmentl l answer no!
Everybody is aware that there is nearly
cotton enough or hand at all times to run
the manufactures one year. Then how
easy IL would be for the manufactures to
form a ring, buy no cotton for
one year, letting ono years crop
OF cotton be collected and stored
away in the suD-treasuries and at the end Of
twelve months buy the cotton at public auc-
ton for their own price, bankrupting every
cotton raiser in the United States. and re-
ducing them to greater bondage than Ire
land ever held her people under.
Now you who advocate the sub-treasury
piah suspend your prejudico and think over
this matter
This new scheme proposes TO have tne
farmers mortgage their crops after they are
ready for the market to the government
for So per cent OF their market yaIue
Why not give them 100 per cent on the
dolari
Who doubts but that the depressed con-
ditlon of the farming cless to-day is wholly
caused by the farmers failure to receive
~ ALL
TO sell, compared to the price he is COM
PEELED to pay for what he must buy'
Every sub-treasury advocate should be :
compelled to answer this before he is al
lowed to make any further argument.
If you admit that it is best for the farmers
to not mortgage their crops, don't adj I
yocate such. Ii you agree that
the farmers should have full /
value for their crops don't advocate that |
they can do on so per cent of their crops. /
II you don't favor billion-dollar congresses, |
don't advocate plan that will bring about |
such thing. If you don't favor the IN
necessary multiplicity of ofiee-holders,
will do such Remember that the churches,
the most sacred things with which man |
kind should deal. make mistakes, yet this
is no proof that the churches are ''rotten."
So if any member Of, or the |
Democratic party should make a |
mistake IL IS no reason that |
it is rotten" or that politics is rotten"
Ii you agree that there were good times
during .lefTerson's or Jackson's administra-
ton, or during the decade of 1880 to 1860.
and would prefer the financial poll
cies Of those times to the pres
ent, don't advocate the warehouse sub
treasury plan because no such scheme was
known during those times. Whatever will
solve financial problem one time will do
he same thing again, so if you can
find date when, in your opin-
on, the financial policies were
better than they are to-day. advocate !
hose policies and not the sub-,reasury
warehouse scheme, that is if YOU prefer to
.ravel known roads to unknown roads
If any advocate of the sub-treasury plan |
will agree that he would be willing 10 en-
oloy man to run his financial business
who has made failure IN all his financial |
then | will agree that special !
should be made for him.
Look at the record Of those who proposed |
his scheme and give it such a boost. Re
iect one moment over ''sub-treasury No. /.
It Dallas, Tex. Just think, broken-dovyn
bankers and preachers for the leaders OF a
policy that is proposed to change the finan-
;ial system from anything that it has ever
hose who have failed in the
most noble calling in the gift ct
he Supreme Being to De taken as authors
N the financial systems of this governmsnt7
Are these who have failed in every particu-
ar in the franciering Of ore mans their
,wn) affairs to be taken for fuanciers for
$. 600, 900 people?
Then if not, bid this sub-treasury scheme
. parting adieu'' for such persons are at