South Branch intelligencer. [volume] (Romney, Va. [W. Va.]) 1830-1896, 1891-10-16
ALLIANCE DEPARTMENT.

Of she sctj-c, was published last
week.
TIE necessity for such legislation
ID shown by The strains on the v,l.
ume OF tho currency. oceasIobcd by
the unequal demantis for ready mon.
ey. 10 consequences OF the fact that
she products OF sgricu tursl labor
are produced du-'Bs . part OF tn.
year only aud must he nxrke ed dur.
ing the remaicdsr or kept over for .
future market. Under the present
eys em OF finance , TIRE relative Con-
faction In the volume Of money
lee Is to the pos ib,l,.y Of spscu!a !.
lion. and tho farmer secs his crops
yield large Return TO those who
have peshaps never seen . basbei or
pound OF it all. while he Is forced
to content himsef wish the most Nm .
remuness,ive pr,ces for his hard 10
Dor and serious rivks.
Tue government, with truly pa
ternai care. has provided for the
case OF unripe whiskeys by Afford
ing the whiskey men an oppor' unity
10 place their goods In bond ,ill Il i,
ready for the market. instead OF fore.
ing them 10 put It ON an unready
market ut greatly reduced profile.
Even the taxes are not required till
It 10 taken out OF bona II this 10
not class legislation, would It be
'e'ass legislation to allow the farmer
TO place his products in bond til
the market will yield him Q fair re.
turn Tor his lobor7 What 10 SAUCE
Tor The goose shouli surely be sauce
Tor the gander. The farmers bear q
very respectable proportion to the
whiskey men both In charec. ar and in
numbers and their case ought to COM
mend itself to the patern,I consider.
aspn OF The government to the same
extent at least as tho LIQUOR manu-.
fsciuTers.
mere IS no i;ea in the mind, OF
A'iisuce men, that the details of the
scheme are just the bsst, AMI the on
y ones that will satisfy the farmers.
ihey DO insist. however. on tue rec.
ogn'tion Of their rights and interest
A'eI tue workmanship of the nation
come philosphicslly to the rescue and
digest these crute ideas which have
been thrown together for the pur.
pose OF challenging the attention OF
the Legislature and Of oil meu.
The argumcns from necessity for
some financial relief. Was presented
10 the lust iesue. We here present
the principle on which the scheme il
loonded, ant treatment Of the de-
tails will appear next week.
1t Is not sound Alliance doctrine
to lose sight Of these important con.
siderations, while we are seeking
temporary advantage from method,
of buying and selling on better terms
than can be had through The regular
channels of trade.
Brutus loved "not Caesar Iess but
Rome more" Let Ms love not these
things less, but the great principles
OF financial reform much more, and
work tor that with singleness OF heart.
TIE PRINCIPLE OF THE SUB TREAsURY
Is that au auxiliary or supplement, al
volume of money should be brought
into circulation by the govern ment
in times Of scarcity, 30 AS to supply
the deficiency and prevent sudden
and violent o>ntrsctio1s with their
sequent eff CT on prices. This Is The
only principle there is in the cub.
TREASURY plan; all the balance 10 de-
tail. The great object is to prevent
wheat and cotton from being a dis
turbing Influence in the markets of tie
country oy contrac' ing The volume Of
money and depressing prices 80 "a to
produce over 40 per cent disci imi.
nation against agriculture and pear.
y as much against comm cree and
manufacture. lie who opposes this
principle mus. advoca'e the present
system, which is here shown to be
system OF class discrimination in ia,
vor OF the speculs,or. The merchant.
lawyer doctor artisan md iaboring
man are just as much interested in
stopping this discrimination in favor
OF the specuiator as is the farmer, te-
cause II is q discrimination against
all those who buy and cell individu.
ally and IN favor OF those who buy
and sell in combines snd pools, An
example 10 illusirs,e: There Is 10
money 10 active circulation, after
dedoctine legal reserves and other
bosrds and losses, not over $500, 900,
900. II, therefor . syndicate, able
to control 5000, 900 900 should take
tba, sum and lock II up. they would
contract the circulating rs 'um 33l
per cent and the tendency wou be
to depress prices exactly In thai
proportion but suppose this tenden.
cy was partially overcome by an &C
celebrated speed Of circulation which
always accompanies scarcity, and by
various substitutes for money, and
tina, prices were only reduced a.
consequences OF the contract on 20
per cent. Then they, under an co.
ViroDment OF $500. 900, 900 in circu
lation with prices adjusted thereto,
lowest their 500 100000 in farm
products or In any 81 the active sta.
pies IL commerce. Tney bsve, by
the simple isc; OF Investing. chaLSeJ
the environments 10 one Of 5000 600 -
600 in circulation, with prices read
ju.ted ADD by reversing the above
estimate OF depressing influence have
augmented prices IS per osnt and