The Brookhaven leader. [volume] (Brookhaven, Miss.) 1883-1891, 1891-05-07
THE sUB-TREAsuRY BILL


The Reasons For the Fight Against IL Cor
rectly stated and Questions Concerning
it Plainly and Conclusivcly Answered.
The fight made against the sub-treas-
ury plan Is not because It is un-demo-
cratic or un-republican, but plainly aud
simply because its provisions mean
cheap money to the people and conse-
quently higher prices for their prod
ucts 1t Is a contest between cheaper
money on the one hand and dearer
money on the other. 1t is a fight be-
tween the producer and the owners of
money to settle the question as to how
many bushels of wheat, pounds of cot
ton or head of cattle shall pay the in
terest on a thousand dollars. 1t is a
battle to decide whether so bushels
of wheat or less shall pay the interest
on a thousand dollars, or whether the
farmer shall give hundred bushels or
more as he does now. This is the ques-
ton at issue, and one that must be set
tied first of all.-National Economist
We have the following questions from
a correspondent: "First-One object of
the plan is to enable the farmers to
hold their crops for remunerative prices.
IL they take advantage of this the eff
feet would be to increase the volume of
currency before the time when the in
crease is needed to move the crop. Is
this not correct? Second-When this
enormous comparative initiation is con-
tracted by the movement of the crops,
will it not produce a great depression
in prices?" No. The writer is wrong
in both his propositions. The increase
of circulation is needed whenever there
are products to be thrown upon the
market The warehouse system elm
mates the speculator and avoids the alb
solute marketing of crops faster than
such marketing is required to supply
the demands of the consumer. BY the
storage of these products under the
warehouse system so per cent of their
value goes into circulation among
the people. The increase of
the currency has its invariable effect
of raising prices of labor and all COM
modities and the grain stored in the
warehouses; would be increased in price
with all other commodities by virtue of
the large volume of money in circula-
ton. The retirement of this circulation
would take place no faster than the
products stored were withdrawn and
the amount of this flexible currency in
circulation would always bear an exact
ratio to the quantity of commodities
still in store. The system is perfectly
self-balancing, will always secure fair
prices, prevent spectators from rob-
bling consumers, and, best of all, will
supply an ample currency directly from
the government to the people without
the Intervention of corporations or the
payment of usury.-Topeha (Kan.) Adj
vOcate.
A brother asked the Dallas, Tex,
Southern Mercury, state organ of the
Alliance: GLOW many state alliances
have indorsed the sub-treasury plan,
how many rejected it and how many
have not taken action on it? How many
county alliances in Texas have in
dorsed, how many rejected and how
many have not taken action on it?'
Every state, answers the Mercury, ex-
cept Texas, Missouri and Virginia have
declared unequivocally for the sub
treasury plan. Nearly every district in
Missouri has come out squarely for 1t.
This is the case in Virginia also. The
reason that these three states did not
take action, squarely, was because
there was division, and
'for the sake of harmony"
it was referred to the sub and county
alliances for final action. Every dis
trict alliance in Texas that has reported
stands unequivocally upon the Ocala
demands. Every county alliance that
has reported, except Robertson, de-
clares in favor of the sub-treasury plan.
Robertson county has 1913 male men,
bers, whose dues are only half paid to
the State Alliance. See state secretary's
report. The Texas State Alliance will
be practically unanimous in favor of
the national demands. The county al
liances favor them, and will be sure to
ask those who are to represent them in
the State Alliance how they stand, and
give them plain instructions how to
vote when the questions comes up.