Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1892-08-25


see that the cotton ~
East. as well as the lmmf
tons o: Old England. VIII!
pal beneticiarics. The soF2
;l,c warehouses, furnishes,
of the NIc"ny TO pay foT
keeps a man enlp-.led E
rho owner. not the producer,
cxncnsr, c,lI except furnish twenty per
,s cSie,'' -. nnne,; TO make the purchaseY
~ .'S s,,;, ont ut pleasure in any qttssH
.,e'i .ny,Ment s,.lr taking all the risk. Inns
s.'1 ~, - understand the sub-treasury 10
,.,cam ~ - faI as the South and its N
crop is concerned. IT,
,.or,- advantages we expect
80 you are obliged to adm:
-bose who are not cor
themselves of all the
Viii bring for immcdN
able TO take advantage 4
fered. Many who pay
nf T ,he tax to make theS
fr.m necessity. will &c ds
,dyantaces furnished.
All that the -cettts5l mills
is whether oY not there has
eDourh produced to supply the\
Then they will know that the gl =.
OF il will have to be put on the -.arket
within eleven months. and the price-will
not be augmented b; holding i. if snf-
iicieucy has teen made. as supply and
demand. in the normal condition OF
tEings, regrl>tte prices.
A better plan could not have been IN
augurated by the consumers OF cotton to
get at the quantity they will have to draw
from than that suggested by the sub
treasury. ard to great extent. believe
il would egulate their purchases. More
or less ,otton throughout the South
would be put on the market every day,
plenty have no doubt to keep the mills
OF the word running on full time, and II
more is offered than is necessary for that
purpose and pressed TO a sale, 1t Will be
at concession OF prices. If less Is OF
fered. the mills will merely shorten time
10 correspond.
Instead OF the mills having to keep 1t
in stock. and Spectators IN their own
warehouses paying insurance on the raw
material and interest on money required
TO purchase it, the government assumes
this and the country at large bears the
expense. The party you claim 10 want
to reach, and stands in need OF help, and
who will be compelled to bear his part
Of the expense, Will getnothing in return.
state banks of issue is the sovereign
remedy for our scarcity of currency. II
they were established there would be no
lack of money for all legitimate purposes,
and bv their establishment no funda-
mental principle OF orr rrgovernment would
be interfered with. If the National
Alliance would unite on the single de
mand to have the 10 per cent tax imposed
by the national banl; law on State banks
issue removed, our troubles, to great
extent. would be abated, so far as re-
cards a Sutiiciency of currency IS con
cerned.
. These banks could be made as sound,
their paper as extensively used and with
as great security as national bank bills
. are to-day, simply by the States adopt
ins the same plan. and modelling theil
banking system upon that practced by
the national banks, which was originally
that OF New York state when adopted by
the General Government for It's use dur
ing the war.
in this way our State debt could be
made blessing instead of burden
Every county and even township could
, have bank and the farming class OWL
the stock if they desired. If the money
had to lie borrowed to buy the State
bonds with, in order to commence opera
ton at what might be termed high rate
per cent. by deducting the interest
rcccived from the State on the bonds
fl ola the interest paid on the money Dor.
rowed TO purchase said bonds, it will
readily be seen that the actra, interest
paid will be comparatively small.
. The Alliance demand which requires
the General Government to regulate the
internal affairs Of the States, in police
way, such as abolishing by statute the
gambling in futures, ETC., is stretch o;
power and will be an encroachment on
, State rights. The States themselves
, should be required to do this and the law
strictly enforced.
The government ownership of railroads
and telegraph lines will putin possession
OF the appointing power, including what
it has already, such patronage that the
ruling party can never be changed with
out revolution, in addition to the enor.
nous expense incurred to make the pur-
chases.
The General Government, based as ii
is on our "E Pluribus Unum" system,
, looks more like the work of divine than
human hands. In every contingency il
has been equal to the emergency pre-
sented, and it will continue to be SO if we
do not change the grand purpose fol
which it was intended. The trouble with
us is not its want of power; itlas plenty
but it is the temptation continually being
presented by one party or another to give
it more and more, until fears are enter