The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1892-06-07

! the risk Of the producers. The fruit
industry must co operate and fix price
on their different grades of fruit and
| have a reliable agent at each Sub Treas
ury to look after their interest. With
an abundance of money and no panics,
no fruit need be lost The surplus
| fruit would be canned or evaporated.
The farmers must be able to fix living
| price on all they have to sell, as other
! classes do. Suppose one class fixes ex-
| tOrtiOnate prices. There must be
| board or court Of appeals before which
| all complaints must be brought and ad-
| justed, and in this way any class can
| be held in check. Labor must be graded
and price fixed on each grade. Those
who are ambitious will struggle to
reach a higher grade. Won't there be
engines and machinery sent to these
! Sub-TreasurieS?
! With a volume of money sufficie1U
| to do the business of the country on a
cash basis, very few will start with an
ample cash capital to do their business
on a cash basis. They will buy their
material for cash and sell for cash.
| The factories will not have to sell on
| time, as they do now Under the
credit financial system they will not
have to keep @ large cash capital to
carry the farmers and charge them 100
per cent. for doing it. This credit sys-
tenn costs the consumers from 20 to 100
per cent: a financial system that en-
ables the th-prOducerst to fix a price
on all their products and relieves them
from burdensome interest, can always
have the money to buy what they
need All companies starting with
cash capital and the farmer out of
debt, there will be no one to carry. It
takes less money to do q cash business
than a credit business. A cash business
is cheaper and safer than a credit busi-
ness. In cash system the risks are
reduced to minimum.
Under the cash system, each com
pany will start with a cash capital,
they buy for cash and sell for cash, and
having a certain profit, they will not
be distressed; hence there will be no
big bargains resulting from others dis
tressed. Each class grades their wares,
fixes a price and buyers dealing in this
must pay the price fixed and sell at
the price fixed by his class. No one
will be compelled to sell at a loss.
Under the present competitive system
your misfortune ismy opportunity, and
there IS a chance to speculate. This
cooperative system eliminates all
| speculation and makes all business
profitable and certain. Under this CO
operative syster0 there cannot be bank
ruptcy if business is carried on under
ordinary prudence. Even if there
should be occasionally q person or firm
that needed money to tide them over,
certainly their means invested should
secure them the needed relief at per
cent as readily as banks can secure
loans at 1 per cent. on the peoples
debts (bonds) With fifty dollars per
capita issued to the people without the
intervention of banks, the people will
soon get out Of debt and keep out.
Under this co operative plan the com
merce of the country can be carried on
at a great saving and the producer and
consumer brought nearer together.
Under this system the farmer will not
be compelled to pay even the 2 per
cent As the only function of money
is to make exchanges pa debts and
taxes, it should be confined to perform
ing this function, and should go into
circulation without bUrdening the pro
ducer. The Sub-Treasury will cOnsOi-
date the furnishing of provisions and
making our exchanges and eliminate
one-half to two thirds of those now en-
gagged in the business and add them to
the producers. and all will have to
work less hours to produce the same
result and give ample protection to
each class. With cheaper transporta
tiOn, the nation will make its exchanges
at one half to one third per cent, cost
Florida will exchange her fruits for
provision in the West, and boo-s, shoes
and dry goods in the East. Each Sec
tion will produce that which her soil
is best adapted to and exchange with
| 81 +lO, fO1 10
duce at an advantage. The nation
would be like one vast community
making their exchanges to an advan-
|, tage
Under this system transportation
would soon increase four fold. Under
this cooperative system there can be
no panics. Biting poverty will be I'm
known. Those who are not competent
to take care of themselves with the
facilities this co operative system fur
nishes will be sent to State farms and
made self-sustaining, and not left to
prey upon the people al now and bur
den the tax payers. Chrystalize the
Alliance principle into law of equal and
exact Justice to all and special privi-
leges to none, and litigation will nearly
r cease and the few disputes will be set
| tied by arbitration. Equity will take
the place of tyranical law and eliminate
| it's uncertainty. The lawyers and the
: horde of officers will be added to the
5 producing class and burden of hun
( dreds of millions taken from the peo
| ple's shoulders.
/ The establishment of the industrial
2 financial system with the Sub Treasury
e the cooperation Of each class to fix 6
l living price on the products of their
/ labor, means we have passed from the
: competitive to the co operative system
V Capital and labor will be equally pro
e tected and strikes and the strife grow
f ing out of the competitive system viii
L | be Unknown Crime and nOVnrtV will