The Ocala banner. (Ocala, Marion County, Fla.) 1883-194?, 1891-08-14
PRINoIrLE ONLY DEMANDED
Congressman Livingston Fully Ex-
plains the Farmers Demands
No Need of Government Ware
houses----one sub-Treasury to a
State

In demanding measures in harmony
with the Ocala platform, the turner's do
not insist apon the passage of the origi-
nal subtreasury bill as introduced in
congress. They simply demand that
its principles shall be made operative.
The bill involves the building of null
titudinous warehouses at tremendous
expense, the employment of number.
less government afficials. who would
gobble up great deal of profits, and in.
Vulnerable small details difficult to be
carried out.
The plan simply means that the gov
eminent shall advance money on land
and the imperishable products of land
at a low rate of interest. The plan is as
simple as the bill is complex. The plan
retains the essential principles of the
bill, but does not trouble itself about
the details.
The following interview with Presi-
dent J.. F. Livingston, of the Alliance,
shows that the farmers have simplifed
their demands, and are willing TO en-
trust all details to their represen tatives
in congress.
Said Colonel Livingston this morning:
"The sub-treasury bill, introduced
into congress at the last session, was in
tended to make operative the st. Louis
demands. Since we have added real
estate as security for loans, necessa-
rily bill will be drawn different from
the old one.
ave have never planted ourselves
upon the sub-treasury bill exclusively,
but have always contended for the plan
or principle, and SO stated when before
congress. Now we stand upon the sub.
treasury plan as adopted at Ocala, and
demand of congress a bill in detail to
make that system operative.
"This can be done, as we declare, with
one or more sub treasures or deposito-
ries in each state, with or without gov
eminent warehouses. The present ia.
cilities for warehousing will answer
without the expense Of government
warehouses or apparatus.
"In othar words, if congress will
enact law authorizing the issue OF
notes to be deposited IN the states, and
to be loaned on non peTishable farm pro-
ducts and real estate at not more than
per cent per annum, we will be per-
fectly satisfied. This is the Ocala plan.
We will and can take care of the ware
housing and all necessary details with
out any help from the government
whatever. All that we insist upon is
thus briefly stated"
"What is the sub-treasury plan
"We demand that the government
shall establish sub-treasuries or deposit
tories in the several states, which shall
loan money direct to the people at a
low rate of interest, not to exceed per
cent. annum, on non-perishable farm
products and also upon real estate, with
proper limitations upon the quantity of
land and amount of money.
We demand that the amount of cir
culating medium be speedily increased
to not less than $50 per capita.
"This is the Ocala sub-treasury plan,
differing from the Sc. Louis plan in that
real estate is added as security upon
which to borrow money"
"What is the simple analysis Of this
plan? Give it so the people can under
stand it."
at means that congress shall autho-
rize the issue of treasury notes, good
for all debts, private and public, suppl
menting the gold and silver currency ac-
tually in circulation, owned and con-
trolled by this country, to equal the de-
mand. 1t means that this currency
shall be based upon the credit Of the
government. Fiat money! That
means that this currency shall be based
upon all the taxable property of this
country, whether taxed or not also
upon tile right and power of congress to
declare war, ard enlist. for the defence
of the credit of the government, every
citizen subject 10 military duty. In a
word, every dollars worth of property
and the life of every man subject to
military duty would stand pledged for
such q currency. This is much better
basis for an issue than gold or silver.
Lands and citizens cannot be secretcd
when Ray day comes; gold and silver
can.
"This plan means a currency accord
ing to demand. This is law of nature
that is stamped upon everything that
has left the hand of wise and benef-
cent God, and should be recognized in
every business arrangement put forth
by man.
"Who has the right or the foresight to
estimate the amount of currency needed
in a country like this in given period
Who can tell to-day what will be the
output of the fields, shops, mines and
manufacturers of the United States for
1891. A currency should be useful as a
medium of exchange of products. Such
an exchange as will facilitate and help
on to prosperity and well being all
weaIth.producers Who beside those
, interested should settle the question
whether they need this facility or not
"The sub.trsasury plan means to de
clare that the United States congress is
legally and morally bound to furnish
the amount of currency necessary tC
| successfully carry on the business o
T this country, without let or hindranee
to any calling (legitimate) or section
f The constitution reserves to congress th'
, exclusive right to coin money and fiji
: its value. Congress has gone further
: and to protect this exclusive privileg,
). has taxed all state corporate or individ
ual issue of certificate or bills of prom
0 Use to pay, to be used as circulating
0 medium, ten per cent This plan mean!
TO declIre Il at As long az the constitC
ton prevents, through congress, th'
, states or corporal oas helping them
J. selves ON this line that ,r'ngress shoul,
a. and shall furnish the currency needle,
upon demand.
o "The sub-treasury plan means tia
If the government credit shall not be
e source of speculation between her citi
zens, thereby placing the weak at tn
mercy of the strong. or, as Calhoun
rs John c., stated it, why should the PEG
e ME be CHARGED interest unon the GOVERN