The midland journal. (Rising Sun, Md.) 1885-1947, 1891-06-26

And must such frightful system continue
because ii is old and a remnant of the dark
ages? This system has caused bloody revo-
buttons in the past to check its greed, and
will compel others in the future if not cor
rected by peaceful one, guided by rea-
son, Justice and common sense. The system
which Mr.. Steel is endeavoring TO defend
rather than defending. possesses not any
one Of these three virtues to recommend it.,
and is the fruitful source of all the injustice
and misery charged against it. Ny dear
fellow your writings prove you have never
mastered even the A B G of the subject.
Come, join the Alliance and unlearn what
you have learned amiss, and you will not
see men as trees walking, when the finan-
cial cobwebs are swept away which cloud
the mind and make it like banquet hall
deserted, whose "guests have fed and gar
lands Dead"
The financial system which curses this
nation and which is the cunning devise Of
the wandering Jew is fairly chargeable with
all the dead sea fruits attributed 10 it, and
its hitter fruits condemn the tree which
bore them. In the same blood curdling
strain of evil omen Mr.. S. continues
"One thing is certain if we put ourselves
under the guidance of the Alliance and
attempt TO voyage out upon the unknown
sea Of finance, which they invite Us to
explore, we shall soon be overwhelmed by
the breakers and go down to meet watery
grave.o
How do you know any such result is
certain? You point out no reason for
such notion. But the Alliance has not
invited any exploration of an unknown
sea Of finance" Precedents are given for
every plan suggested. Whenever and
wherever the warehousing system or land
loan system has been tried neither has failed
to give most satisfactory results. Pennsyl-
vania tried the land loan system in colony
days for many years with most gratifying
success. The French tried the warehousing
system with success beyond the most SAN
guine expectations and to the establishment
OF English 6nanciers whose leadership we
are following with the most debasing
servillty.
Now, my horny handed friend, in the
face OF these facts you seem to be as COM
pletely lost as cat in strange garnet.
As between the gold bug national bank
system and the Alliance sub-treasury and
land loan plans, let US examine whether
the constitutional principle is not the same,
the plan of the farmers being vastly superior
from every point of view to the national
bank system.
The bank plan consists in depositing
bonds with the Treasurer as SECURITY for the
return of the currency loaned by the govern
ment, at one per cent, at the end Of twenty
years. These bonds are based on what? On
the agricultural products and cultivated
farms of the nation. Are The bonds any
better security than what they are based on?
Are they as good? Then why should not
government choose the security fthe bonds
| in place Of the bonds to loan its currency
on? Can you answer that question, Mr.,
Steel, in the negative? Wall street or the
Rothschilds have never been able to answer
it, and if you can do it successfully to their
satisfaction, they would no doubt make a
millionaire of you, and welcome you as cor
daily as the shades of hades do kindred
spirit to their rayless shores.
And again the class who labor to produce
are those who use money in combination
with their labor. The banks do not use it.
They loan it to the users at five to twenty
times greater interest than the government
exacts of them. Is the producer benefited
by this double transaction? Is the govern
ment benefited by ii? Does any body reap
from it but non-producing middle class,
which the world has no use for more than
the beggar has foe his lice. But the beggar
and the farmer both are compelled to feed
their parasites. The beggar under the COM
pulsory Law of poverty and dirt; the farmer
under the no less compulsory law of usury,
made possible by legislation in the interest
the money class. Both government and
people are losers by this the present system
| Of finance.
The Cincinnati conference seems to be a
poser for Mr.. Steel, and he can't compre-
bend that the Cincinnati party and the Al
lance are not one aud the same. They
belong to entirely different classes OF
organizations. The Alliance sent no dele
gates 10 that convention, and never will
send delegates to any political party con-
vention. That Cincinnati third party is a
political triplet of the democrat and repub-
lican parties, and will effect them far more
than il will the Alliance. On this point
Mr.. S. says:
Il wonder what Mr.. Ewing will say
about the third party in his next ediiorialg
Perhaps he will contend that the Cincinnati
convention was not truly representative
body, but it will he useless for him to say
that, for although it was composed almost
wholly Of western men, yet time will show
that its action will be binding upon every
branch of the alliance"
We say s. fiddle sticksl'' to the above
curious paragraph. The Alliance sent no
delegate to that convention and had no rep
resentatives there whatever. How can il
be bound BY il? The conference represented
just the persons who composed it and no one
else. Members of the Alliance belong to all
narties and vote for whom they nlaase and