The Democrat. (Scotland Neck, Halifax Co., N.C.) 1884-1896, 1891-11-12

voutnd liberty and equality Win
raDidItv never known before IN any
country. The land became fiiled
frorl one end to the other Win
| paupels-homeless, wretched, nope
less people. The rich robbed the
Door. Pharaoh got the lands ana
chattels and then the children ana
wives of the Egyptians for his
seven years supply of corn. Shail
the plntocrats do in America IKE
Pharaoh did in Egypt, for less
consideration? The scarcity OF corn
was Pharaoh's opportunity ID
Egypt. The scarcity OF money Is
the opportunity of the plutocrats III
| America.
The Alliance says that Congress
shall exercise this money power
fairly and wisely for the benefit OF
the whole people i'll every part OF
the country, by making and keep
ing in the country not less than
fifty dollars per capita OF real
money. The census gives US a
nomination of about 65,0OO,OO0. This
would entitle the whole country to
81 $50 ,OOO, 90 of real money To that
| yonId be added the bank notes,
The national banking law must be
repealed or so altered as to allow
State banks whenever necessary
under proper safeguards. These
State banks could lenu money on
real estate or other good security.
In a short time the bank notes
would nearly or quite equal the
money made by the government.
This would give US about $1,000,
100000 of currency, one half OF
which would be real money made
by the government. This half
would never decrease, but would
always increase as the country IN
creased in population. The bank
notes would be good representa-
tive of money, and would perform
all the functions and subserve all OF
the parposes of money at near
nome Those of Us who can Temem
Der az far back as 1860 will remem-
Der that a twenty dollar bill on the
bank of North Carolina or the Ex-
change bank of Richmond, Va,
was appreciated as much as a
twenty-dollar gold coin of United
States mintage, and could without
= any difficulty, be exchanged for Its
= like value in coin.
r But the plutocratlc sinners say :
/, CHOW will you circulate, and distrib,
f ute this money!" The Alliance will
| first say: eve will not do like your
| hired servants do with the silver
2 coin, lock it up in the vaults of the
b treasury, guard 1t with armed sol~
:, diers, use all OF the influence Of the
President, the Secretary OF the treas
] ury, and a majority OF Congress
r against its circulation, apd then curse
+ it and.say: "The d-mned thing
D won't ciraulate.' No, the Alliance
4 will not do that. They will have no
l. Harrison or Cleveland or Sherman
0 do the work. They will have it
b Ii. mayed by officers fri ndly to and
T enthused with the grand future mon
! ey plan of the United States govern
g ment. Under their management the
s money will circulate and break the
t bonds of plutocracy and exhibit the
= United States of America once more
d to the world as an example worthy
to be followed in the redemption and
q freedom of mankind.
e But how shall the legal tender
:. government notes be distributed
y say the plutocratic sinners and very
/, many doubling Thomases of other
d persuasions. This is an important
y inquiry. On it hangs all the Law
l. and the gospel of the financial de-
Y mands Of the Oeala platform. 1t is
?, one of most importance to President
r Polk and the other great leaders OF
}. the Alliance whose province it is &c
1t disinthrall the country and rescue
&c the people from the oppression o
plutocracy. The RICH. solution O
= the question will solve the difficulty
d of the Sub Treasury plan ana solldly
IF unite the Alliance on this plank o
It the Ocala platform. | think the so
IS luton is plain and easy, entirel,
IS void of paternalism md centraliza
re ton and fully observing and sab
d. seryient Of the rights of the States
ar 1t makes the creature, the govern
W meat, do for the creators, the States
,e tie important work that the State
ID delegated to and empowered the gov
e ercment to do. l respectfully ask
ar hearing of my plaD.
le For the present population OF 65
v 100000 it would be the duty OF Con
d eresS to keep in the country So $50
I'd 600. 900 of money. and to repesl o
N modify such laws as have a tendeI
y, cy to prevent sufficient Volume O
IN good and wholesome bank c.tlency
ne II the country now has half of thu
ne sum IN gold and oliver and green
n backs, il Won & be necessary to issu
1e 81, 25,O00,O00 of legal tender go,
g ernment notes. If it has less tina
is half it would be necessary to issu
y, more. II it has more than half
would be necessary to issue les
he Those notes should be issued to an
n distributed among the States accO {
~ ing to population as disclosed by tn
he last census. They should be re:
at money, bear no interest for toe go,
ar- eminent, aud the States should ue,
at er be called upon for payment. The
MT should not be regarded as loan {
~ gift but as q part of the none