Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-09-03
A SUB-TREASURY TRICK.
SOMETHING AeOUTTHE IMPRAC-
TiCABlLITY OF
The Sub-rreasuIy Scheme-Proof that the
Sub-Treasury Leaders Are Only
Once Seekers-A Prophecy.
ALE, TARRAsT COUNTY. TEX, aug Is

| head Is the cost OF handling the produce IN
! der this proposed scheme There are about
! it for granted that this bill III. R .l62l
would reach 1000 counties. For each
warehouse it would require one
| manager, about two weighers,
and five draymen, making eight TO each
| sub-treasury or 1900 in all. very nice
| little army of new office-hoIders The man
ager is 10 receive $500 per annum; the
weighers say SlS0O, and the draymen $1,000.
making $500 for new efice-hoIders to each
| county, or $40. coo 600 in all, paid out of the
farmers products in the United States.
Still there are some other items that must
| not be forgotten, that is, insurance, storing,
| holding, shipping and interest. iSec. 9,
| II. r. 7l62.
Section ) OF this bill provides that the
| interest on the money advanced must Do at
the rate of per cent per annum.
The products of cotton, corn. wheat, oats
and tobacco amount 10 about Sl,6oO,GOO,OD
per aanUm. Now so per cent or fOur-hftIS
| OF this amount is Sl,2S0 00O, 600. the amour.
advanced. AS stated above, the farmers
| are required to pay per cent per annum
| on the amount advanced, or about Sl2.S00,
| 900. 1t viii also require several hands and
| machinery to keep corn, wheat and oats II
| any kind of saiable condition.
The farming class is justly kicking every
| day at taxation and high rate Of interest,
| yet these ''Sub-treasury bosses are trying
| to stun some more of the extravaganza
| down their throats, instead Of working TO
| GUST the unjust Republican burdens that
| have been heaped upon all labCriug classes
| in nearly every congress since and during
| the late rebellion.
| , Where is this $4,000, 900 proposed to ne
| appropriated to build sub-treaSury ware
houses to come from2 l answer, from the
| pockets OF those who have produce for sale
Every person knows that the expenses on
would be much greater. If any person VIII
deliberately consider the expenses of this
newly Matched scheme, he viii see the re
lief part" of this plan is to ''relleven the
farmers of all they have, not even leaving
them enough TO buy as sacred thing
as a meals victuals, and as important 4 thing
as a shroud in which to place himself In his
final resting place.
If these otfice-seeking. third party, sub
trcasuryites will take a good feed Of corn
ShuckS and wheat straw and then be cur
ried and rubbed down, then spend q few
days with the farmers aud listen to some
good common sense talk, they viii learn
that the wcevilS, the rats, the damp
weather, and many other troubles, destroy
corn, wheat and oats when 1t is stored
away, and, of course, this lowers the
future price of these products. Every farmer
knows that cotton raised il 1880 will not
being picked, hence the longer cotton IS
kept the lower the price gets. There arg
three important features about the sale of
farm produce. L The farmers who raise
and put the produce on the market. }. The
spectators, or those who buy the produce
from the farmers and sell it to the manu-
factories 8. The manufacturers who buy
the produce from the spectators.
This sub-trcasury warehouse scheme
proposes to put the government in
staad of the spectators, or between The
Spectator and the manufacturers. Sup
pose it takes the place of the former
Every person who is interested in the
financial welfare of all classes alike, ask
yourself this question: Is there anything
in this scheme TO prevent the mauufact-
urers from forming ring against the gov
erumcnt2 l answer no!
Everybody is aware that there is nearly
cotton enough on hand At all times NJ run
the manufactures one year. Then how
easy 1t would be for the manufactures TO
form a ring, buy no cotton for
one year, letting one years crop
of cotton be collected and stored
away in the sub-treasuries and at the end OF
twelve months buy the cotton at public auC-
ton for their own price, bankrupting every
cotton raiser in the United States. and re-
duciug them to greater bondage than Ire
land ever held her people under.
Now you who advocate the sub-treasury
plan suspend your prejudice and think over
this matter.
This new scheme proposes to have the
farmers mortgage their crops after they are
ready for the market to the government
for so per cent of their market value.
Why not give them 100 per cent on the
dollar2
Who doubts but that the depressed con-
dition of the farming cless to-day is wholly
caused by the farmers failure TO receive
100 per cent OF the dollar for what ne has
10 sell, compared to the price he IS com
peeled to pay for what he must buy?
Every sub-treasury advocate should be
compelled to answer this before he is al
lowed to make any further argument.
If you admit that it is best for the farmers
TO not mortgage their crops, don't adj
vocate such. II you agree that
the farmers should have full
value for their crops don't advocate that
they can do on SO per cent Of their crops
II you don't favor billion dollar congresses,
don't advocate plan that will bring about
such thing. If You don't favor the I'M
necessary multiplicity Of oftice-holders,
don't support a scheme that
viii do such. Remember that the churches,
the most sacred things with which man
kind should deal, make mistakes, yet this
is no proof that the churches are ''lotten."
So If any member of, or the
Democratic party should make
mistake 1t Is no reason that
it is ''rotten" or that politics is rotten"
II you agree that there were good times
during Jefferson's or Jackson's administra-
ton, or during the decade Of 1850 to 1860,
and would prefer the financial poll
cies of those times to the pres
ent, don't advocate the warehouse sub
treasury plan because no such scheme was
known during those times. Whatever will
solve financial problem one time will DO
the same thing again, SO if you can
find a date when, il your opin-
ion, the financial policies were
better than they are to-day, advocate
those policies and not the sub-treasUry |
warehouse scheme, that is if you prefer to |
travel known roads 70 unknown roads.
If any advocate of the sub-treasury plan |
will agree that he would be willing 10 en- |
ploy man to run his financial business |
who has made failure IN all his financial |
undertakings, then will agree that special |
sUb-treasury should be made for him.
Look at the record of those who proposed !
this scheme and give it such boost. Re |
feet one moment over "sub-treasury No. u |
at Dallas, Tex. Just think, broken-down
bankers and preachers for the leaders of
policy that is proposed to change the fnan-
cial system from anything that il has ever
been from Columbus 70 this date. Are
those who have failed in the
most noble calling in the gift of |
the Supreme Being to be taken as authors
on the financial systems Of this government
Are those who have failed in every particu-
lar in the fnanciering OF one mans (their
OWN affairs to be taken for fnanciers for
90, 000, 600 peoplel
Then II NOT hid this sub-treas1,ry schena