The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1891-10-23
MISREPRESENTATION.
The Old Party Organs Adopt q Dsspic.
able Method OF Warfare.

b Old Party Organs Adopt q Dsspic.
able Method OF Warfare.
The kind Of articles going the
rounds Of the old party organs pur-
porting to represent the alliance
demands' serve very aptly to illus
trate the real attitude of the party
leaders toward the Farmers Alliance.
As yet we do not expect them to be in
q frame of mind to heartily accord
our movement a complete indorse-
ment, but it would seem the part of
ordinary wisdom to make a careful
study and write upon subjects pertain
ing to the Alliance clearly and truth
fully. The Alliance has demanded
an increase of the circulating medium
to 500 per capita, but nowhere, and
in no shape has it demanded an un-
secured or irredeemable imitation of
the currency. Much ado is made
about the condition of affairs IN the
Argentine Republic, but that is
neither a parallel nor an illustration
OF our demands. Argentine is. not
the United States in resources,
developments or credit. Nor has
Argentine tried the Alliance plan
at all. The powers which we
say inhere in government and which
we demand shall remain there, they
delegated to two banks, and then
based the redemption of all their in
Hated issue upon gold. Argentina is
a practical illustration OF the evils of
the present financial system carried to
excess, and the ruin of the great bank
ing house of Barring Brothers of Lon
don is an example Of what is sure to
come wherever the government dele
gates the control of the finances to
private concerns. The alliance de-
mands an issue of currency by the
government in sufficient volume to
meet tie business of the country. but
1t is a false and fraudulent assertion to
name $500, 900. 00U, or any other spe-
chic sum as the positive demand of the
alliance, and then set about to beat
down this man of straw as visionary,
or leading to inevitable financial ruin.
The demand of the alliance is that
money sufficient for the easy conduct
OF business shall issue direct to the
people upon satisfactory secur-
lty, to be increased or diminished
as the volume Of business may require.
Ibis IS a proposition that no one will
contend directly against. 1t exists to-
day in some form both in theory and
In practice as a principle in political
economy. The only real contention is
as to who shall control and regulate
this issue of currency. The plutocrats
say the banks; we say the govern
ment. just at this time an immense
volume OF currency is needed to pay for
the harvest, and nov a portion OF the
crops toward market. The volume OF
our circulation needs TO be increased
to that amount. AS finances are now
the banks and spectators have abso-
lutte control. 1t moves through them,
performs a certain duty and then is by
them systematically Withdrawn. The
circuit OF that money is based upon
the very same security that we offer
IN the sub-treasury plan. No, we offer
a better security, because while the
crop is the ultimate basis, every prac-
tlcal hnancier knows that this actual
security is remote, complex and eva
in a large part of the present
transaction. We challenge the PLY
tocratlc press to a fair discus
sion OF this on this point. We offer a
better basis for issue, and better secur-
lty than exists to-day. The rea-
son they misreprepresent and malign
our demand is hat it strikes at the
power of Wall street to control the
volume and circulation OF money the
people must have. 1t cuts off the en-
t~ort1onate rates of discount and inter-
est. 1t cuts off the monopoly of rail-
way managers, and mills and ele-
vators, by each and all OF which i'm
mense fortunes are made and all bv
msddlemen, out of tho cramped pro-
Queer on the one hand and out of the
cornered consumer on the other hand.
One thing is now certain. This pluto
cratic press must notice our demands.
II they prefer 10 misrepresent they
must take the consequences. A viror-
Gus and able reform press is occupy
ing commanding positions and the peo-
pie will have our side of these cues
lions. Able speakers are daily meet
ing the assembled thousands of the
people at celebrations. Very soon
the Alliance demands will reach
the halls of legislation and some
radical work will be done. Just what
that work will be or when it will come
perhaps no man can now tell, but de-
pend upon it, it is coming.-Allianco
Advocate.