The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-10-20

Reply "a Some Of the Statements Maize Ut
the Andttorlum Joint Debate

Reply Ia Some of the Statements VI fe Ut
the Auditorium Joint Debate
In reply 20 tho challenge OF Mr.. Horsky
made at the auditorium OH the evening OF
the 18Th for any person to successfully con-
trsdict his assertions relative TO the So
called section 10 Of tho farmers alliance
n b.treasury system." 7 desire to state that
there exists no such section. nor has any
such section nor any section containing the
declaration quoted ever existed in any rsso-
luton or declaration Of principles Of tina
national farmera' alliance.
Mr.. Horsky's quotation Ii said to be from
a bill introduced by Jerry Simpson,. to
which no allusion is made In the peoples
party platform and for which that party 10
In no wise responsible.
But there 10 a declaration In said alliance
resolutions presented by the monetary COM
mittse of the national alliance at che nA-
tional convention held at ~. Louis. Mo-. In
Decemhsr, 1889. and adopted, which, after
a preamble. reads. 'For this purpose let
US demand that the United States govern
ment modify its present financial system.
first, 30 as to allow the free and unlimited
coinage or the issue Of the silver certificates
against an unlimited amount of bullion, etc.
IL the republican party holds the peoples
party responsible for any bill introduced BY
Mr.. Simpson ! demand that the republican
party be held equally responsible for the
resolution introduced in the senate by John
Sherman, their champion Of finance" on
the 18th Of July last asking that the pur-
chase 4f silver bullion be entirely discon-
tinued.
AS to the application Mr.. Horsky made
OF the first plank of the peoples party
platform. ] desire to state that the ~allusion
made by him. or tho conclusions drawn
therefTorn, we're dexter ouGiy drawn to mis-
lead. That the reference made in said
plank to the Farmers alliance sub-treasury
plan relates only to the manner of distribu-
ton. and not to the issuance OF money. as
may readily be seen by an unbiased exami-
nation of that plank, which 10 as follows:
I'VE demand a national currency safe,
sound and flexible, issued by the govern
ment only. q full legal tender for all debts,
public and private, and that without the
use OF banking corporations; a Just. equita-
BILE and efficient means OF distribution d.
rect to the people, at a tax not to exceed
two per cent per annum. be provided. as
set forth in the sub-treasury plan of the
Farmers alliance, or some better system;
also by payments in discharge OF its obliga-
tions for public improvements"
The provisions OF the sub treasury plan
referred to. briefly stated. are:
That TREASURY notes. similar to tho pres
emit silver certificates. but a full legal tender
for all debts, public ami private, and ooun-
ted rs a part Of the lawful reserve Of the
national banks when held by them be issued
for so per cent. Of the value of any non
perishable products stored in government
warehouses; and in no way proposes the
discontinuanoe of the use of gold or silver;
and it also provides that when zach products
shall have been disposed of or re-
deemed, the secretary of the treas
ury shall destroy of such currency
the amount 20 paid in. This last provision
explodes the theory of an imitation of the
cur ency arising from this SOU CO of distri-
button. Respectfully submitted.
A, b. HoWAR,