The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1891-05-09
GRENADA. MISS, SATURDAY. MAY g. 1891

business antagOnisms should divide then
put rather to be actrated by the friendlies
; Nothing was farther from the minds Of tn
/ trainers than that one should be made tn
: stepping stone Of the other or that One shOul,
6e , taxed ..s with the support OF the other An,
} adhered to and enforced by succeeding I'D
} minfstratlOns.
MANUFACTURES AND COMMERCE TOO pREvIOU,
FOR THE TERRAPIN TREAD OF THE FARMER.
But Manufactures and Commerce beins
controlled and directed by organized bust
huence felt IN securing legislative grants o.
special privileges whereby their individual
interests were greatly advanced over that
OF agriculture And those privileges have
have absorbed the greater part Of the wealth
Of the country. They were not satisfied with
the reasonable protection accorded them by
the Trainers OF government, but have en-
an extent as to bring into disrepute the poll
cy OF protection, and endanger its future
usefulness.
THE ALLIANCE ADOPTS THE VIEWS OF THE
| FATHERS AS TO THE PRACTICAL NEED OF
| PROTECTION.
In proposing its "Land-loan' and Sub,
treasury" bills the Alliance has simply
adopted this view Of the fathers. as to the
practical need Of protection. This it can do
with all proprlety nnd consistency. Since
the policy Is sound and healthful, and the
Alliance as such, has never opposed the
idea that the powers OF government could
and should be used to protect its leading in-
dustrial interests against any adverse In
fiuence tending to weaken or cripple their
growth and progress. 1t is the abuse Of the
| policy OF protection, and not the policy itself
that the Alliance objects to. The distortion
OF protection proper into a sci fish use OF the
government by certain interests In the ad-
vancencnt, of their pcrticular aims without
! regard to the rights OF others. 1t Is the poll
| cy OF taxing agriculture and other interests
beyond their ability to opay. with the up.
building OF manufactures beyond fair and
reasonab lie condition Of profit yielding. The
Alliance is in favor OF a readjustment OF the
protection laws with the view OF returning
TO first principles ns soon as practicable. and
| to reinvest the constitution with some of its
| old time meaning.
THE KIND OF PROTECTION THE ALLIANCE ASKS
| FOR THE FARMER.
| The protection asked for the farmer by
the Alliance Is not such as would come to
him through III, import tax or bounty
fund. He wants no pension out OF the public
treasury; no donation OF government lands;
no gratulttes IN the shape OF loans without
interest, exorbitant premiums and endorse
ments of his speculative schemes by the
government. He asks for no grant Of extra
ordinary powers and privileges: for the
more freedom and less reservation to other
interests time and again. His demand upon
the government as compared to those 81
Others In line with them are simple and mod
large as much as the farmer. He wants tc
| borrow OF the government a SUM Of money
sufficient to enable him to hold his product
out of the reach OF grasping spectators, who
ths % s shsT srs meoy II "F a 5
| the government against loss he proposes to
pledge valuable bankable securities. The
rates OF interest fixed In the bills are one and
two per cent. but the Alliance will accept
government interest rates.
THAT THE FARMER Is THE SOLE BENEFICIARY
OF THE sUB-TREASURY AFFORDS NO GOOD
| REASON FOR OPPOSITION TO THE BILL
1t is not denied that the direct benefits OF
these bills are intended to inure to the farm
er: that the right to borrow under their pro.
staple crops, or the owners Of landed proper
ty. But that fact affords no sufficient rea-
son for opposing the principles OF the bills
The farmer requires help and asks for It. He
want. They have been taking care Of them
selves so long without consulting him tht
presumption is they will continue to do so
These bills set forth the needs of the farmer
They emtnate from him and express his de.
ers desire help and feel that they are enti.
| tied to it. they. should speak out and fol
themselves. II their, cause is just they will
fnd no more sympathetic hearers than the
| farming class. But who else needs helpi
| The manufacturing and commercial interest
are already nursing ut the public tit.
| Mining and banking are equally we'll pro
vided for. The transportation agent has the
| making OF his own rates, and the first take
out in collections. The mfddlemen, such as
have legitimate field OF work, are COM
mission men whose prosperity must advance
with the prosperity OF those whose products
Of the professional classes and the trades
man nnd artizan must tbecOmmensuratv with
| the success Of those engaged in the leading
| Industries Of their section. Who then needs
| to be helped as much as the farmer?
AMERICAS PIVOTAL REsOURCEs-AGRICUI.-
TURE THE PRIDE AND HOPE OF THE
SOUTH AND WEST.
Agriculture, manufactures and mining
with commerce as the hand-maid OF all, form
! the great fundamental resources OF America,
around which oil other trades, professions
and callings revOlve as SO many economic
dependencies. Their influence as great con-
servatOrs OF trade and finance varies with
the locality. In the east manufactures and
commerce are the pivotal resources upon
which its massive enterprises depend II
the extreme west, mining. and in the South
and central western States agriculture form
the chief supporting. Industries. But what
ever the dominant industry, and however
rily national, and any blow aimed at the
prosperity Of any one of them: or any fail.
ure to minister to their essential needs will
be felt throughout the great body economic
its sensitive organism must tingle with the
shock. The prosperity Of any one Of them
cannot be permanently secured II II be ct
the cost of the vital energies OF the other II
one has absorbed more than fair pr0por-
tion Of the common nourishment the equillb-
rum must be restored or the whole will In
time suffer. Agriculture has languished un.
der policy that has ignored this we'll
known aphOrism IN our business economy:
and as q consequence the general financial
condition Of the country u embarrassed;
feel it more sensitiyely than other sections.
Agriculture being their fundamental re-
source every class Of labor and property are
effected by Its failure to realize profitable
II therefore behooves the people Of these
see that justice is done them by restoring
agriculture to its former prestige among the
lending industries of the nation.
CONGRESS- POWER TO CIRCULATE IS CLEARLY
IMPLIED IN ITS POWER TO CREATE A
CURRENCY.
The next point seemingly at issue in the
consideration OF the powers provided f9r IN
as to the constitutional power Of Congress TO
create money and loan II upon land or lead
ing AGRICULTURAL products. The Supreme
Court having practically settled the ques-
tion that the government can create q cur
am unable to e, appreciate tes sesT
based upon q denial Of that power. And GER
tainly Ihave not been very intelligent
student of governmental principles II the
power to circulate IL not implied IN the pow
er to. create currency. Assuredly the put.
It away, or to throw 1t away, but after meth
ods most conducive to the exercise Of its le-
Ultimate functions, and In carrying out the