The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1891-06-19
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10 ss1 pd1s@ measure Sad advocase or or
pose !, SSosdi,g ', our hope-t convictions.
We care M sAe,hsr 90 O. 50 per cent Of
| the party r oder we belong &c favor .
measure ualer tii,euss;on tefore ii become,
a ia~, il, after Al honest, unb rscd scsrch, we
come to the con ausiou q at lie measure is
wrong in princiRe a-d c,'culalcd to work
injury to any ImpSr.Au. c.'s, Or Material in
forests Of the people, we vculi consider il
uudemocrstic and ur mani to DC. lie by
blindly and silentiy f,llouing the crowd that
is arbitrarily led by fsv prominent indi-
viduals favorirg I. II is democratic to
aequie,ee in the II CT n honestly secured
majority Of the parry, wher finally expressed
upon any messure. Bu. maJo,itics are not
always hOnesiy detained. They are, unfor-
tnnstely, too frequently secured by bribery,
| Undue excitement, caj slery, captivating but
tnscund arguments. inpositions upon the
treduliiy of thc people ard downright fraud /;
and wAa9 fskke,er ed by organizations, and
sseI ., 9f Iiii i4Si'iaaaaisi aai ysaf1k
stance, Tie Dsident A.1sssJ4
He vas elecse1 BY The organized states,
while Cleveland received large majority Of
the votes Of the people. So it may be with
tho sub-treasury plan, now before the Ali.
ance and the people at large for discussion.
No doubt a maj Gritty Of the Alliances have
pronounced ir favor Of the sub-treasury
but that nay net represent majority Of the
individual men bers, although perhaps it
does at this time, rs the question has not
got beyond what may be called an ex parte
representation.
We make these predatory remarks to lake
. short cut. over somewhat irrelevant ground,
| to tho sub-treasury scbeme
| In noticing Mr.. OTIS last, our leaders
mus remember that he has no. an.wered
either of our 1.-TWO points cf u week be.
fire, and only incidentally .ai~ss to them
Eu., he ss.xsA--s-
-ohfortunately for your argument, YOU
ignore an axiom Of politial economy: "1ha
price is fixed by the amount OF products on
The market, and the volume Of money in cir
cuatior.' The idea that the price of cottor
is fixed by the size Of the crop alone is erro
neous.'
No, friend OLs, we neither ignored OF
forgot that great axiom, with the tail to i
to suit the originators Of the sub-treasury
scheme nor did We forget that other equally
sound aud we'll established axiom,-"an in
fated (you may call it by the moro modern
name, flexible } currency is the lsother OF
Inflated prices" particularly for the neces-
sary commodities of everyday life and the
notorious fact stared us in the face, that the
Southern Farmer Juu, all those nece,saries
whilc the Northern and Western Farmers
| ,eH them, 90 that 9qt. only. our. turner's, but
| - Ddted prices, stimuI ,ted NV N,
iESslsS Ssab-trsasury currency.
Ii must not be forgotten that ,.,.. ..,,
one third Of the cotton raised in IT, S,u. :.
consumed In this country, while j,ho o,,,o,
two thirds is bought and consumer b., e.,
f''' """"''''' ""o 0onuucg all their
business transactions strictly A..
universal metallic or gold clISss 49,, h.;,
and it is not likely that they ill ,o o,,
from that base by an nha ton :, r,is .o,,,uu
that may collapse in few m,r,,s WI,
the Southern Farmer stores ~, c,
for higher prices. and r.ce;v.. sn ou
| cent of its value in sub-trcg,
the Northern and Western -,
be storing their food SUPPLE, unon tho
same terms. for the sam1 r,oaa u.,;,o
tbs European spnner von - o,u
Mills should be~SHrr,;sd will h. -. :.
along, du hstt vt quarter time. with
Egyptian Cotton, AMI occasionally throwing
out a bait of higher prices for our cotton,
with their orders already placed with agents
in New Orleans, Mobile, Charleston and
other important points, to buy certain NUM-
Der of bales, and then close the doors.
They will dictate the price, sure, and no
legislation or imitation Of currency ia this
country can prevent it.
The practical result oe the srh Tx
scheme, in The South, in our opinion, will be :
the Farmers storing their cotton and receiv-
ing so per cent of its value in inflated eur
rency will find, when they come to buy sup
plies with it, that the purchasing value of
that carrsncy is reduced considerably by
corresponding inflated prices for every
article they buy, from mule shoe to mule, ,
plow, or pound Of coffee. And We would
not be surprised if, after counting up all the
costs and losssGip passing it through the
warehouse, if NE Farmers did not discover