The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1891-10-09
4EE. pREsIp1.NT OF Quo ALLIANcE,

IN a single mOnJh.
The consumers have no means of buying
and holding a whole years supply in ad-
vance of their necessities. Plainly, then,
somebody must hold the supplies till de-
manded by consumption. Who shall it
be-the producers or tile spectators? II
the producers hold the supplies and place
them on the market as demanded by
consumption they will get better prices,
and will pay less for better
goods than if bought Of spectators.
"As matters now are in the west and
south, farmers and planters are in debt
and have neither the financial ability
nor the proper means and facilities for
storing products. Here. then, is q want
Ia necessity which must be supplied.
In steps the oficious Spectator and Of
fers his services, He buys on m over
loaded market. months in advance Of the
expected demand. He sells in driblets
on a hungry market clamoring for sup
plies. He buys 90 per cent. too cheap.
He sells 50 per cent. too high, He be-
comes rich while producers and CON
Bumers remain poor"
The logic of the situation is plain and
the Alliance congressman sets it forth
with convincing force, and the stock ar
gulnents against the subtreasury plan he
disposes of with ease. '.Oh, but it is IN
constitutional" he remarks. well,
the good old constitution is something
like Napoleon said of Providence: 1t is
usually on the side of the strongest bat
talions or the most votes. 1t was once
said that the constitution would not per-
NIT interference with slavery in tho
states. Yet when the time came to do
that or worse the constitution was will
ing. They tell us that the governmentcan-
not provide storage for products, yet the
government provides storage forthe prod
ucts of the gold and silver mines. They
tell us that the government cannot loan
money to individuals. Yet we find that
the bankers and whisky men are accom-
modated with cheap loans, and even
gratis loans, and the constitution does
not seem to object. So long as the gov.
eminent can furnish warehouses for
gold and silver men, and can loan money
on bonds and whisky to the tune of
many millions per annum. either with
or without interest, let the howl against
the subtreasury plan Of storing and
holding products till wanted by con-
sumers be hurled back into the teeth of
the great and greedy spectators.
And instead Of conciliating the farmer
in his extremity. the goldbugs by a
strange and sl1icidaJ fatality seem deter
mined to drive him to still greater des-
~peration and revolt. A conspiracy
against the south on the part the
New York money kings has been openly
limited at Of late. The New York cor
respondent Of the Atlanta Constitution
describes it as a conspiracy to DELAY the
industrial development of the south, sliis
TO prevent the Investment of none,
there. New York, he says, is supposed
to furnish the money to move the crop
Of the country every year. Last yea
the amount Of money shipped to interio
points for the purpose of handling tn
crops Of the country was $$335. 00e,0OO
It is estimated that between forty AM
fifty million dollars will be asked TO
this year, but the New York banks vii
not be- able to furnish as much as the.
did in 1890. In the west money to NOV
crops is neededssooner than it is in tn
south
The wheat crop is ready for marke
some time ahead Of cotton. The sout
will nave Il suffer on account Of tn
shortage Of money this time. The west
wanting the money first, will get all
needs, and the south must get alon
with what is left. The president Of on
Of the banks stated the other day tina
by the time the west was supplied wit
all the money wanted. the amount lei
available for tho south would probabi
be FIVE to seven millions less than tina
section received last year.
-
All Of which goessto still further den
onstrate the weakness and defects {
the present fnancialsystem OF the8conl
ny. which criprsesA business simply e