The Greenville times., 1891-06-27

81 coo 600 600 This large sum must
1e raised bv taxation or borrowed III II
order TO pay for these roads Tor pre-. q
sumo no man preteuds that we should
take them without paying tor t1elil'
for that could not be done. such an
act of eoniseation is prohibited by the I
constitution.
H0LDING BACK PRODUCTS
BEFORE leave the 0cala platform
desire 10 redeem promise hereinoe-
fore made 10 make some addlilonal
ohservances on what is called the sun
Treasury scheme and the lending BY
the government of money on land
nave already discussed in the Carroll
county Alliance letter as a means OF
holding cotton over from the fall and
winter for higher prices in the spring
and summer. | have since heard that
the seheme is commended as 4 means
of storing aud holding agricultural
products. like the trust companies 90
IN order to force general rise IN tue
price. This view deserves consldera-
tion. AS to cotton am sure that thls
cannot be done to any considerable
period, if it can be done at all. 10 40
| this would require the cooperation OF
vast majority of the cotton producers
in the United States and in few years
would require the cooperation OF cot
ton raisers in the other parts OIL inc
world. ANY extraordinary stimulant
Inv great rise of prices would rapidly
increase production everywhere. Ihis
would have the effect in few years OF
reducing the price below what II is
know. The world wants cotton De-
cause it wants cheap clothing for inc
, mass of mankind. The increased crop
! would supply to great extent the
: deficit caused by our Withholding cot
: ton from sale for higher price. Be-
: ades. ii we temporarily succeeded III
Q raising prices there would at once be-
: Gin lessening of the consumption
r ANY great rise in the price OF cotton
Il means an increase in the price OF cot
Il ton goods. Cotton, on account Oh ilS
: cheapness, is in whole or part the
d clothing of the great mass OF mankind
= when primes arc maintained. lh'
Il moor always buy less when prices ar'
raised. They would buy still less
knowing there is a great crop IL
n America held in government ware
4 houses for higher prices to be artii
cially raised by Withholding it Tor
h few months from the markets. The.
" would wait for the inevitable la
" when the cotton must be sold to NEE
a. the advances made on it.
n WHERE WOULD BE THE BENEFIT
II The scheme being to lend us note
81 on cotton, etc, at so per cent. OF II
re value and then TO return the notes |
.he treasury when the produce is sole
IL becomes material to inquire whethc
of the 80 per cent. advance is real at
be vance to the currency of Mississippi
all That it would be all addition to u
%, amount of money in the United STATE
u may be conceded. But what concern
Ir- us in Mississippi is not that, but an 1t
or crease in Mississippi, an increase TIN
p would benefit us, and not other peop
of alone. Every Fall, Winter and Sprir
Int money is sent to the South, which l
he gether with bills of exchange is use
on to pay for our cotton. ills noticeao
ire that as soon as the cotton crop is sol
ct, we suffer again from the chronic sea
he city of money. Money comes to nj
Or sissippi for no other purpose prac
tu- cally. as we have very little else
'is- exchange for it. If 80 per cent.
ire loaned by the government Oh cott
ou- no other money will be exchanged
W. mt irto circulation for that much
The The cotton crop until IL is finally sc
I is and taken from the warehouse.
tho the very moment this happens
Ari- amount of the 80 per cent. must
Co. paid into tho treasury, with inter
ur- and charges. SO that as far as the
its per cent. is concerned the advance
or ioan does not add to the currency
md. Mississippi single dollar Until
at a sale of the cotton the money OF
lien manufacturer Tor .speculator, If
be- pease.) is not put out at the very
de- staut of sale; the so per ceht. adva
hall is paid into the lreasury aud Ia
held from circulation.
s in ,,,c,,,,ern
and oihooi'Aiio' wa
Tiers The 80 per cent advance ana
,iual money for which the cotton IS IN
sold can never circulate in Mlssiss
ider at the same time. The latter CONT
this when the first goes out. That is
IL is clear for controversy. As to the 2o
titu. cent which is embraced in the eel
! tho cate given to the depositor or oy
tatas of the cotton. IL is clear that II
and nothing to the circulation until III
o,nv be sold to Northern or Euro
4 To customer. For ii sold to Missl
ia TO pian he but uses his own money W
ly nf he had before. But when sold
auire mately to the manufacturer that .
nro- more would be added to the cure
that But this 20 per cent addition togt
,r in with the 80 per cent makes but th'
n de. per cent for which the cotton n
and have been sold at first, and it u
fore does not increase the curren
Mississippi beyond what 1t would
been If the cotton had been sold
Any, right in the first instance.
with ,rpo,,, ,rrc
What we want is not SO much
crease in the currency geuerally
Rail- Mississippi. If we fail to increas
% the currency in Mississippi, we fail
meth gether. To increase the mon'
! aud Wall street alone will but add
opin. power of those who are already
d fire. rich, enlarging the possessions OF
settled who do not need and leaving the
'ty. ishing to die. Can this additl
cd in made to Misslssippi2 l think i
ontrol but not by the Sub-Treasury SC
We the If we could manufacture here u
nd the share of what we need, the mon'
means spend for the articles, instead OF
ation." North and East, would remain a
he and our own people. A large part
d to a $50 per capita we receive each "
ld sup our cotton would be kept in the
rvatiye and the continual drain of our
@ Alll- to other quarters would, III a