The midland journal. (Rising Sun, Md.) 1885-1947, 1892-07-08
THE sUB-TREASURIES.
Where They Should be Located
The Producers and Consumers
Brought Closer Together.

will benefit the cities as we'll as thu
country. The SUD Treasures must b.
located at the large cities, the centra
points for distributing produce to loca
consumers. These Sub Treasures
should have refrigerators connected
with the m for the preservation of per-
ishable produce. The farmers will
load their wheat, corn, cotton and hau
it to the statson, and the receipt will be
good at any postal bank. The farmer:
out of debt will sell when there is 9
demand, and as there is the same de-
mand all the year around, there will be
the same demand for money at al times
of the year. The farmers will keep
their produce in their barns until there
is demand. Those compelled to sell
will dispose of their produce and it will
90 to the Sub. Treasures. There must
be good supply kept on hand so the
consumers can be supplied during the
busy seasons with the farmers, and
while there is bad roads. These Sub
Treasures will be of great convenience
to mill men and factories, They can
buy as they need and will not have a
large capital to carry cotton and wheat,
as under the present system. With a
uniform price of cotton and wheat, their
profit would be certain and there would
be no danger of bankruptcy.
The farmers must co operate-form
board, fix price at which their non
rerishable produce shall sell. This
board will grade grain, cattle, pork and
cotton. The price of hogs and cattle
being fixed, they will be shipped to the
national meat packing company Oar
mour & Co., where they can be packed
at one half the cost of small establish
ments, and as fast as prepared for the
market, shipped to the Sub Treasures.
Armour & Co. can draw on these Sub
Treasures, which will be good at any
postal bank. Fresh beef will be ship
ped every day in government refrigera-
tor cars to the Sub-Treasuries. There
should be city market houses where all
kinds of produce should be furnished
at cost
This would eliminate one half Of the
middle men and add them to the
wealth.producers. From these central
Sub Treasures produce can be shipped
to local points, as there is demand
for them. Perishable fruit should be
shipped at the risk of the producers
The fruit industry must cooperate and
fix price on their different grades o.
fruit have reliable agent at each Sub
Treasury to look after their interest
With an abundance of money and nc
panics, no fruit need be lost. The
surplus fruit would be canned or evap-
Grated. The farmers must be able t.
fix a living price on all they have t1
sell, as other classes do. Suppose one
class fixes extortionate prices. There
must be board or court of appeals be-
fore which all complaints must BIZ
brought and adjusted, and in this way
any class can be held in check. Labor
must be graded and price fixed or
each grade. Those who are ambitious
will struggle to reach higher grade
Won't there be engines and machinery
sent to the Sub-Treasuries
With volume of money sufficient tt
do the business of the country on
cash basis, very few will start without al
ample cash capital to do their business
on a cash basis. They will buy thei
material for cash and sell for cash. TIL,
factories will not have to sell on time
as they do now. Under the credi
financial system they will not have tt
keep large capital to carry the farmer
and charge them 100 per cent TO
doing it. This credit system costs tn,
consumers from 20 to 100 per cent. A
financial system that enables tn
wealth producers to fix certain prize
on all their products and relieves then
burdensone interest, can always hav'
the money to buy what they need. Al
companies starting with a cash capita
and the farmer out of debt, there will
be no one to carry. 1t takes less money
to do cash business than credi
business. A cash business is cheaper
and safer than a credit business. In 1
cash system the risks are reduced to I
minimum.
Under the cash system, each COM
pany will start with cash capital, the!
buy for cash and sell for cash, and hav
ing a certain profit, they will not b.
distressed; hence there will be no bi!