The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1891-03-10

GuOuSduU, IOuE uuuuT0U thuu GW0uGy-
three dollars, between the years 1866
, and the first months of 1879, inclusive.
If we added to these failures those under
ten thousand, it would have still in
creased this fabulous sum. But this
was only small part. The farmers
losses through the depreciation of their
lands and farm products, contributed
So, ,042, ,435, 798; and labor, through loss
of work and years of idleness, con-
tributed 81, 800, OOO, 900, making grand
total of losses amounting to $11, 1884,,
| 230. .221, almost twelve billions of dol
lars. And now, when these robbed
| people propose to stop this robbery and
to relieve their wants and necessities
by establishing Sub-Treasury ware
houses, where they will deposit their
products, and have issued to themlegal
tender currency for 80 per cent. of the
value of the product, we find yOW and
other financial idiots crying out, "We
will not endorse such an unconstitu-
| tional scheme"
l now ask you, first. Will you kindly
point out just what part of the Consti
tuition this Sub-Treasury bill is antag
onistic to2 Second. Tell me who made
the Constitutions Third. Who can
wipe out the Constitution, change it,
amend it, or do what they please with it2
Did it ever occur to your unconstitu-
| +ioro1 Wind 4ho+ %ho YooOTo7o yVooIo tho
Constitution Or has it ever dawned
upon you that whatsoever the people
demand is constitutional, by the very
fact that the people demand it?
You and brother Carlisle should get
together and study the Constitution
from the peoples standpoint, after
which you will possibly know a little
more about it than you do now.
And right here perhaps it would not
be out of place to give you some of the
views of Democratic statesmen on the
financial question who lived before your
| time
Jefferson said: THE States should
be applied to transfer the right of issu-
ing circulating paper to Congress ex-
clusively, GT1 peTyetultn1 = x Bank
paper must be suppressed and the issue
of the circulating medium restored to
the nation to whom it belongs. Treas
ury bills bottomed on taxes thrown
into circulation, will take the place of
so much gold and silver "-Jefferson's
Works, page 400, Vol. 6.
In a letter to John Taylor, among
other things, he said: "And l sincerely
believe with you that banking estab-
lisbments are more dangerous than
standing armies. Vol. 6, pages COS
and 600.
Jackson's Message in 1882 says: I'm
this point of the case the question is
distinctly presented whether the people
of the United States are to govern
through representatives chosen by their
unbiased sufrages or whethe the power
and money of great corporations are
to be secretly exerted to influence their
judgement and control their decisions.
It must now be determined whether
the bank is to have it's candidate for all
offices in the country, from the highest
to the lowest" "
John @. Calhoun, one of the bright
est financial minds that has ever been
developed, said in the Senate in 1878:
''I shall oppose strenuously all attempts
to originate new debt, to create Ma
tional banks, to re unite the political
and money pOwer-mOre dangerous
than that of Church or State-in any
form or shape = 1t is my impress
sion that in the present condition of
the world, a paper currency, in some
form, is almost indispensable in fnan-
ciaI and economical operations of civil
lied and extensive communities.
now undertake to affirm positively that
a paper issued by government with
the simple promise tOreceive in all dues,
leaving it's creditors to take it or gold
and silver, at their option, would to the
extent to which it would circulate,
form perfect paper circulation that
could not be abused by the govern
! ment. That would be as steady and
uniform a value as the metals them
selves. | shall be able to make good
every word have uttered. will be
able to prove that it is within the con-
stitutional power of Congress to use
such paper in the management of it's
finances. According to the most rigid
rule of constituting the Constitution,
and that those at least who think that
Congress can authorize the notes of
private corporations to be received In