The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1891-12-04
THE SUB-TREASURY
a Httse EealsghsnSst - ssss Sab
Treasury syseSm aaa its
Erect "a AgT4cgAt1ro-
Es9 ESssy EssgA b tAs CsssE<y - e
err Basazess-s.A Larger VelaRs
- CtrealAfing Hsaizn Nsezs4

political press Of the country have
unifOFmly and Persistently misreP-
resented its purposes and objects. and
therefore, perhaps, nIne-tsnths Of those
who do not indorse the system do not
properly understand e. Il is Of the
greatest Importance that the true
objects Of the system be thoroughly
understood. It Is now two years since
this system was advocated by the su-
Preme council. During this time It
has grown as no economic measure of
reform ever grew with the masses Of
the people. There has been no money
behind it 20 push il in popular favor;
there has been few newspapers sup
porting IL, where there has been many
against IL; and the number Of those
even now lecturing and teaching In
favor Of IL, is many times less than
those who oppose IL. It would seem
that with such odds against IL, sub
treasury sentiment would be diminish
ing Instead of increasing. And the
fact that the reverse Is true. Is an evil
dence that the real merit of the system
IL sufficient of itself TO make up for the
difference and to overcome the opposi-
ton.
The sub-treasury plan IVES proposed
rs an economic to overcome, in part, at
least. the determinations against agr-
culture that result as an unavoidable
consequence of. the present financial
system of this government The nee
esslty for the sub-treasury plan Is
shown ia the annual report of the com
merciAl transactions Of the country.
At = low estimate the gross production
Of agricultural pursuits Is fully equal,
or slightly in excess, Of the gross prod
ucts Of all manufacturing plants OF
ever kind In the United States; and
together these two branches Of indus
try furnish the commodities which are
the subjects of the commercial tran
sactions of the country. II, without
going further into detail, We estimate
that Of the $50 900. 900. 900 gross com
mercial transactions Of the past year,
one-fOrth the results Of handling
the products of agriculture, and three
fOurths the result Of the handling OF
eli .eeksE commodities. then, and IN
that case shout SEE, 900, 200, 600 Of
modities. manufactured. mined or dis
covered throughout all seasons Of the
year. making demand or volume Of
the business squat To about % 200, 0OO,-
900 per month. This Is uniform and
never from any cause whatever sub
ieCt 70 any considerable modification
or change. The volume of business is
conducted according to the most reli-
able statistics Of the treasury depart
msnt largely with credit paper; the
amount of cash actually used on an
average. being only about per cent
But the amount of actual cash in circu-
lAIiOn in the country is not over one
, billion dollars after all legal reserves
are deducted. which would be l2S per
cent, upon the volume of business, ex-
elusive of any necessity 10 handle the
products of agriculture. Now, what
does this meanf 1t means simply this,
that after taking out every particle OF
the products of agriculture from the
commercial transaction OF the country,
that II every dollar available for Circu-
lation was actually used or turned over
in commercial transactions once .
month, which Is = very rapid speed Of
circulation for such . volume scattered
throughout 20 large . territory and 30
many people, that the available amount
of money compared TO the volume Of
business would only be l7l per cent
and that the Statistics show that the
amount actually 80 used Is per cent.
Now this demonstrates ~ gross or active
use beyond that Of any nation In the
known world. All the circulating
mediums is in Hctive use every day in
the entire year to handle the c0mmodi-
ties produced by other pursuits than
agriculture, and this represents 8 con-
ditiOn IN which agriculture, when com
PEELED TO have money to handle its
productions, must call and demand
that money from those who are using
IL 70 their own satisfaction and have
no more than they actually need in
their business, and in sfact are 50
poorly supplied that they are actually
hamPered by being compelled to do
eleven-twelths Of their volume of bust
ness with credit paper. Il does not
require philosopher 20 see that under
such circumstances those making the
demand must make concessions. IL
now the fact be considered that the
gross volume OF commercial transact
Ions resulting from the handling and
re-Aandling of ths products Of agri-
culture constitute SO. 900. OOO. 600 Of
commercial transactions Of the eOun-
Try. ard that These products are
4 !. -