The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1891-10-02
LESSON OF HISTORY.
The Original Sub.Treasury Seheme-The
story Of Joseph.
Y. 7. D., in Age-Heralll.

eI by me Aullncp. We Ha0 " IN
a modified form in Alabama II
great many years since, and the
people are how paying taxes on
the results. 1t wasn't new in the
Argentine Republic.
1t is not a modern invention.
! The iirsi and most completely sue
cessful one was established about
four thousand years ago by young
Isl aelite, then about thirty years
of age, by the name of Joseph.
who was then a servant of The
town marshal or jailor-GenesIs.
chapter Xl-14. whilst occupying
this position, Joseph fell in with a
prisoner, who had heen locked up
for some rascalily, and interpreted
a dream for him. Joseph was II
very shrewi fellow. as any of us
are prepared to believe who have
tried TO out-trade any OF his lineal
de.cendants. He measured the
prisoner, who came to him with
his dream, and concluded that he
was a maa of talent and likely TO
ge- along in the world, and there
upon he asked him ii he ever had
a chance in The run of his luck and
struck it rich, not to forget him,
Joseph-Gen. Xl,, II.
The rascal did gel out and got in
high feather, and he remembered
Joseph. and he got Phoroah to
over-eat himself one night ard to
have bad dream, and then he put
Joseph forward 10 do some more
interpreting, and Joseph told
Pharoah that his dream showed
that they were going 10 have fine
crops for seven years, and after
that. first class failures Tor a like
period of time, and that lhe proper
thing 10 do was to 20 along on the
provision market during the abun.
dant years. and unload when The
famine came; and that the way 10
that, was to get wise and discreet !
man and set him mp over all the
land of Egypt-Gen. xii, xxxn.
Joseph having as ii were, created |
the office, it was not difficult for
him to get Pharoah to understand |
that he was the very fellow 10 fill |
IT ; and lhereupon Pharaoh pro-
ceeded to rig Joseph out in first
class style and decorate him with |
jewelry, and made him commits
sioner of agriculture-Gen. xii 56. |
The first thing joseph did after
getting the office was 10 commence |
riding around in the Pullman pal
ace cars of that day, presumably |
on free passes-Gen. Xli-43-and |
he proceeded under the provisions
of The bill, 10 take onefilth of all |
the land of Egypt, and The pro-
duce thereof, without apparently
paying out any money tor ii Tor
The period of seven years; and he
established government ware
houses in every county that pro-
duced any considerable crops and
proceeded to fill them with this un.
commonly cheap grain and other
imperlshable products.
History Is silent as TO whether
any advances, to the amount of so
per cent, or more, were made on
this grain, but il looks as If Joseph
either made straight out pur-
chase or issued receipts, or sub
treasury notes and afterwards took
them al a good discount.
As matter OF experience, even
at that early day, no one could eX-
pect seven good crops hand-run.
ming. and when the first failure
came. as inevitably 1t must come,
the beauty of this system became
at once apparent TO all the people
for no sooner did the corn and
wheat suddenly advance, some two
or three hundred points, than
Joseph began TO commence selling,
at The same time sustaining the
maIket-Gen. XII, 56.
The very first year he took IN all
The gold and silver and scrip that
The Egyptians had, reducing
The per capita Of circulation to
zero.-Gen. Xvii, II.
The next year, the crops having
again failed, The members of the
alliance. already exhausted of all
their cash assets, wanted corn
worse than ever, and the commits
sion merchants had gone clear
out of business; SO they had to 90 |
to Joseph, and he gave the |
screw another turn and took alb
their horses and mules and cows
aud herds and asses and other per-
sonal properiy.-Gen. xlvh., II and |
is.
The fact is, he stripped The peo-
pie of all the properly they had
except their land.
1t will also be observed by the /
Thoughtful reader of this story that
Joseph no sooner got an Office than
he took unto himself wife and
lived on the fat Of the land. He also
sent out for all his relations and !
brought Them in and probably |
10 ade every one of them asslstunt |
commissioners or keepers of the
warehouses. for the Coop Book
gives us not account of their engag-
ing in any Of the industrial pur-
suits. This is also probably the
most authentic account Of The first
carpetbagsers coming in 10 live on
the TAT OF the people.