The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-08-15
A BIG SCHEME
WHICH THE POPULISTS WIFI
SPRING ON THE COUNTRY,
Plans of the Leaders and What they O'"i'"
For it--They Expect the support OK 1ho
Western and Southern Stntes'

Chicago August 6-Since the close OF uhe
silver convention Mr.. George e. Washpurh IL.
of Boston, Mass, chairman OF the eastern VI
vision of the national committee OF Nhe peo
pies party, and Colonel A. q. fask' ol IN ni
YER Col. president Of the Pan-AmeritEth bi-
metallic Association, together with other
prominent popullsts of the west, nave pecii
in daily consultation with leading govern
memt officials, bankers, capitalists anu .a
road men of the west devislg si';,,
railroad scheme of government o" nif
which they think will afford hnanclal iei'et 3
to the country and make at once an ISSUE Va
two of the net blanks of ..ier PLATFORM
Mr.. j. H. Davis, Of Texas, VINO was tne
nopulist candidate for attorney schei"i
year ago, and who, during his caihpaiSn, FOR
posed Il similar plan, is tine lesai 'ou'
the populiStS. .;,,arcv has
1t is alleged that the money strlneeh a r 14,s
affected transportation SO srealiy .n" fallen
receipts on many western loads lia' for
off fnly one-third, and that recelVerShlp" t ~
some OF them have already bc'n a snou
which will also mean the nm Oh co'i and
and industrial interests III ever! t, 10
sn"phnrn Stare. Mr. Wasnburne, VINO is
prominent business man III bos'o tnoss rc9ds
states that most of the stock ~ :no'e I.nstnn
- n nrnr;s ns and that the loss Of 'lyIelus
and threatened ruin is rapidly ;tnesnr91m"nt
tmcnt i'll that section III favor " for himet-
uyvnnrsbin of railroads, as well as Aoi ~
alliSn. .,as
rho MAN proposed is that the national i go go
ernment shall issue bonds lor , az NV the
insr tu1cD1rdncss, beng Eoverheu ~ oxist
same tenure and contract when i nom IIvo.
The amount is estimated to De IT, and an
,af,,n Of 1ernl tender treasury notes oa
siiWrr ce1titcates for the Iel,lain'l IL,
one-third objection was saw r"' one third
tine tra nopTl5s' notes, which would ereat,y
increase the price of produhctt' i even though
e
sued, that G5,00o,0oo or people 'p Mics now
shsorb 1000, oO00 900 OF treasury h1SE? and
man M Ii,oo isSuonce of treasury notes wouia
aft"rd immediate financial relief anu o,ad in
gurate period Of proSP S fut "' the popuss
do do not propose that the governlhe zen or S
buy all the railroads at once, pGt IL 81 tb.e money
y that no shock would DC h ie't western roads,
thrnmgGout. they would be taken III n,a ,dv now.
of their application, some pH.h }hrir party is
annosrd 70 any new issuance OF nlta3n az
bonds, that objection co Gov witch hi already
tnt 80 and lint the bonds could pc srauut
ally paid and in a few years the so'
would own the rallroaus. nat. S~,.m..
what They claim for their e' ~
r. is claimed that the plan would not .h an
tagonze existing railroad interests. ANY rnirnnds
If the government owned an n.y.. wy Of he.
west of the Mississippi ri' ttsrn roads, they
wnsuld he distributyG and could De u ~ the
the Government to move ihc u 3lpn,Ion tbe
nnrlxets ut cost and in this way oe'e.U ,i,,try
reSources of this great western th"t m,
and thereby stimulate trade Also, ~ ~ the
inhaMted sections could be coion~eu r,,g ,a
low fares being an Involvement ~ fSnm
t1nn ond in this way relieve the CUES o Nj
thnir nrpsrnt congeSted state anu pt,,rar,S
em additional marlSct for the manuiaiT n and
nroducts for the people VINO rein remit ,o "i
Irhyt inasmuch as IL COMMISSION on! bith
he needles in each state, the saving dn
sol,Iirs would be enormous Is Hn,r,.a
thnt The bondholders like the luei' ~ peo a'nn
th"v yyould receive national pohdS III ~
exchangc for fuctuating railroad so pou stoc,.
nncnrtnin value and would save ,ne , enoIh
bmldnrs from loss. The bankers aTe MIL, niuayy
toward the scheme, because IT 1 hahds me
NV nrohlnm Of how to get more BONDS: Iue
EMPLOYEES would advocate the plan ,I G. Of
om9,l7Vmrnt and through election ana Gi ,os
enryicc laws he able to protect lheal mi
@rninst injustice by superior otiiGrrs as wSI,
nS against removal. 1t IS InIihSi az, Il On
flat merchants and shippers favor Inc R |aps
because there would be no dlst.riiuat l"lS
in TRANSFORMATION rates in favor OF truSls 3 tI
svndicatrs and that it would reduce al .l1f
asggreeate of fixed charges tully one one, hil ra,
me farmers favor it because they Wouu Scs
fraighf rates which would not pc Az NV
tratHc would bear. and thereby absorb ~
their profits Mr.. Washburne VIII leane .or r
Washington tomorrow to have the matt ~,
,r"snntol to congress and to secure lne
ssunport of western and southern congress