The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-01-09
Bankruptcy Will Follow Unless Ali Money Is
Issued by the Government Directly to the
People at Low Rate of Interest.
Disaster Predicted by SiIverites If the
Present Silver Policy Is Continued.
at Mrst Come to an End" and Unlimited Free
Coinage Be Adopted in Its Place if Bust
ness Is to Go on Uninterrupted.
ALLIANCE PROCLAMATION.

Money Must Be Issued Directly to the Peo-
pie or Bankruptcy Will Ensue.
Special TO the Indianapolis Journal
WASHINGTON, Jan. 6.-The State pYesi-
dents of the Farmers Alliance are in ses-
sion here discussing the welfare of tho or.
ganization and comparing notes on it's
progress. Their meetings are secret. but
Congressman Livingston. of Georgia, VINO
has attended the conferences says that
politics are not being discussed. The
officers attending the meeting have pre-
pared a memorial calling attention to the
universal depression in all departments of
agricultural industry that have impressed
the farmers of the United States with
gravest concern and alarm. DESPITE the
fruitfulness of the soil. favorable climate,
faithful application and industry, irre-
spective of seasons and harvests. the price
of farms and farm products are constantly
depreciating In value. The memorial con-
tinues that patient and earnest inyestiga-
tion of this anomalous condition of affairs
has impressed the farmers of the country
that the evils thus ologging and paralyzing
their energies are largely due to the dis
eliminating inequalities in the government
al policy which is the legitimate outgrowth
of partial and unfriendly legislation.
In their organized capacity, comprising
thirty-eight States and Territories. the AL
lance has adopted declaration of its
principles. q copy of which is submitted
and which they believe, if enacted into
laws, will restore the agricultural indus
try TO it's true and just position among the
great industries of the country and con-
serve to the best interests OF the public
good. They call attention to the necessity
ofimmediate legislative action for the tinan-
cial relief of the business interests of the
country. They assert that the present
financial system ls inherently defective,
and incompatible with the eplrit cf Amerl-
can institutions and in conflict with the fun
damental principles of government. 1t was
born of the exigencies of q mighty civil
war, and IS purely military expedient.
which, while 1T saved the life of the Nation
in war. has demonstrated that it 10 not the
system for the preservation and perfection
of national life in peace. They assert that
the steadfast maintenance OF the powers
and functions conferred upon the govern
ment for making. issuing and controlling
money is absolutely necessary to helpful
and symmetrical Developments in national
progress. They believe the exclusive right
given by the Constitution TO the govern
ment to make money carries with 1t the OBJ
legation to supply it in such manner and
amount as TO meet. at all times. the REQUIRE
ments Of the legitimate good of the country
and our growing population and the trade.
All money should be issued directly by
the government to the people at q low rate
of interest and in sufficient volume to meet
the legitimate demands of legitimate or
safe and solid securities. and should be
legal tender for all debts. Silver should
have all the rights in coinage and the quail
81 bof
In conclusion the memorial says that they
do not ask Congress TO venture on doubt
full experiments but they present the de-
plorable condition of the agricultural in
terests with the hope that remedy may
and ruin, and secure to the people and pos
terity the blessings of q just and equitable
adjustment.