Dodge City times., 1891-07-24

his product to tide him over his press
ing needs, SO that he might avail him.
self of the privilege of storing his prod.
uctS
This was the intention of the origiua-
tors of the plan, in proof of which
offer the following more fully elabo-
rated synopsis of the plan, as presented
by the same committee on the none.
tary system"
For this purpose let US demand that the
United States government modify its present
financial system:
/. So as to allow the FREQ and unlimited
coinage Of silver or the issue of silver cer-
tificates against an unlimited deposit OF bull
lion
2. That the system Of using certain banks
as United States repositories be abolished,
and in place Of said system establish In every
county In each of the states that offers for
sale during the one year i've hundred thou.
sand dollars worth Of farm products, In
cluding wheat. corn, oats, barley, rye rice,
tobacco. cotton, wool and sugar all together,
sub-treasury office, which shall have in
connection with Il such warehouses or elo.
vators a. are necessary for carefully storing
and preserving such agricultural products
as areonered IL for storage. and Il should be
the duty Of such sub-treasury department to
receive such agricultural products a. arc
offered for storage and mako . careful cx.
animation OF such products and GLASS Same
as to quality and give certificate Of deposit
showing the amount and quality, and that
United States legal tender paper money:
equal to eighty per cent. of the local current
value Of the products deposited has been ad.
vanced on same. ON interest at the rate Of
one per cent per annum, on the condi-
son as he may authorize will redeem
the agricultural product within twelve
months from date Of the certneate or
the trustee will sell same at public auction
to the highest bidder for the purpose Of AT.
isfying the debt Be1ides the one Der cent.
interest the sub treasurer should be allowed
to charge tride for handling and seoraRe.
and reasonable amount for Insurance. but
the premises necessary for conducting this
business should be secured by the various
counties donating to tho general govern
ment the land, and the government building
the very best modern buildings, nre- proof
and substantial With this method in voxue
the farmer. when his product was harvested,
would place Il in se0rage where it would be
perfectly safe and he would secure four-hfths
OF its value to supply his pressing necessity
for money at one per cont per anuum. Ho
would negotiate and sell his warehouse or
elevator certificates whenever the current
price suited him. receiving from the person
to whom he sold. only the difference be-
tween the price agreed upon and the amount
already paid by the sub-trcasurer. when.
however. these storage certificates reached
the hand OF the miller or factory, or other
consumer. he. to get the product. would have
to return TO the sub-treasurer the sum ol
money advanced. together with the interest
on same and the storage and Insurance
charges on the product
Now where ID there one single word
about the issue Of . supplemental o.
extra volume Of money or about the
cancellation and destruction Of the
money received from the holder Of
warehouse receipts. in payment Of the
money advanced to the farmer who
stored the grain7
Therefore ] conclude tha4 N Qr1er r.