Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-09-09
A DElUSION.
euR.TRE&SURY CHEAP MONEY
PLAN.
rae Most Extreme Form of Paternaiism
Erer Proposed in This Country-HoW
the Scheme Would Work.
Century Magazine, September.

=
t.fguce leaders have refused from the out
I'm, rive it their approval, and others Of
,-.iu ,5nu 1T first viewed il with favor.
PRESENTATION and discussion of its pro-
-s-,--. have Withdrawn their approval. At
4--. . made great Roadway il the South,
H.. earnest. Intelligent and courageous cX-
-..l.. of its dangerous fdll2CiGs by Leading
-.--l.taus and newspapers has so far edu-
'.... the people upon the economic princi-
.s involved that it has been losing ground
,..4p.g during the past three months.
irritable campaign of education has been
- .,iuggees il several Southern states,
viii r!,- scheme as the text Of public dis
.--..... a.t the beneficial results afford 4
-.T.E.- Illustration Of the high patriotic
-.-.'... ul courage and conviction in politics
and ulrnalsm.
The sub-reasury scheme made its appear
.-.. DO the last congress, when a bill en-
,-rg its principles was introduced in
6... houses. having been prepared by the
-..=..a- legislative committee uf the Farm
~. = lance. Briefly summed up, it pro-
,-T.E gtr The appropriation by the govern
..r.- .t s.O.p0J.0D0 to be used for the cree
,aa as warehouses in various parts of tho
..-.rr for thc storage of cotton, wheat,
,7rs. corn and tobacco. Every county which
-..a. annual production of these staples
ding $4,000 in gross value was to be
...-r 20 warehouse. a petition was to
... so HE SECRETARY of the treasury ask
..r.r IFS establishment, accompanied by
...t... auf a suitable site 10 be given TO the
-.r.uuout. The secretary of the treasury
= go appoint a manager, who should give
hons for the faithful performance Of his
jus. and should receive 4 salary Of not
-...t-aa $1,000 and of not more than $500,
r.r.l donate. to the business done. Any
,r.r.r pf cotton. wheat, corn, oats, or to-
r...-. might take his crop to the nearest
- md ,ysaiy- in -trr.f,
-a..r cont of its market value in trea-
sur. notes. the manager dcciuiug what that
marc gu.uc should be. These treasury
,.-. were to be specially issued for this
-U..-u uy the secretary, no note to be less
.sa. s. Hor more than $1,000, to be legal ten
t..,.ra. public and private debts, and good
rs ..r. Uf The lawful reserve Of national
.... Tie manager WAS to give a receipt
f...snry deposit of produce, showing its
amount, Grade or quality, value at date OF
deposit, and amount advanced upon II, with
e.-r III interest per cent per annum, and
-,-f insurance. weighing, warchouSiuC.
chasing aut other charges deducted. These
r. ,-H-s were TO be negotiable by iudOrsc-
mu- l'rouu,c deposited might be re-
deemed az any time by return Of the re
e..lt and money advanced on interest, aud
Gin. payment Of all warehousiug charges.
..uu..y returned was to b. destroyed by
-.a secretary of the treasury. Ii there
u,.,. 100 redemption Of deposit within
.nt.t months, "A sale was to be ordered for
ID. 2. .EH-fSaInehJ OF the government.
Gc' Ha sec now this would work in prac-
W.. I ,,.iit IN 1Io a. r, ~
"l't IN - - II 80 -
..'. r''Iu' ~ - I, 90; a. - sr' 49,
.iiot5. Pol,,;1,li IN, - ''i4
nave .i''.e expert knowledge of the duties
.ar. ..rr 10 perform. These men would
.-" - - I " - 'I
- nv, 80 e.. n..,,,,,>I
'- e - ., 80 ~ r. ~ ~
r'.' l''L AiN'iI9 VI - anu - -
.' 81 an ~, cto -,
" -''.S9 W w NJ ~ i,,t us
'.io 60 - ny = ~ -.
' No., t'i lil' ma he,9 "a Wv - 20 n. 'U
lI@ - ''' -, ,i ''','t -
"...''' .'tS Oi,Po- -. ''i
-''-' DC VIZ -, -, "a - " ui
.. -4io'du' vi ~ CJ.:iINeu ot h- 'lt;I
'.., '' any III Ne ~ Inc -
" % g" ~ ne IL ~ 20 IN ia.
, u, q az ''ig ~ "a a., i-,s
49, .1 d. ~ I,u III -
L - - So, ~, j,,,;.,I,,,-. m,
..,.-...fIiry Of having a inst and uniform
a.-.- f.r. -I,. N non. cent advance in all the
r...,.,rs.., m. even in one of them. would .
t..,r ,,.., a,,tsat throw fatal doubr Inon the{
.. t,.i,. If he treasury notes and If tEj
certificate, Of dcposit. giving them ut once al
.r5..f..ad and UNCERTAIN standard
.. 80, -, s,--r,.i,,,,
'A- nj u -.I :. liilo.'a 80 Ia VI NJ
.I.' I'm t li'D ny "" - &c, We az
.'al % ~ 20 ScilU , VI .HS tutt N" I,
o.. ..'-i crop at ohlJ iel 'tLII mgr ST. IN, n't
'. "N"'" Pay NTH HioIG 'uiu III i' = NJ
sl,ri M anu "sll0 i,sI,atT,. bo