The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-08-28
Finance From the Standpoint
OF the Alliance.
WANT MONEY ISSUED By THE FIAT
Oh Government. Based on -TaNs, Not Gold
or Silver.
CONTINUED FROM SATURDAYS ISSUE

Judge Clark is right again. /.
there any way to get him to stick
to this? He must have read after
Thomas Jefferson or heard D.. NJ,
cune speak. He uses almost their
IDENTICAL language. He is almost a
Jeffersonian Democrat.
With s3+6 100000 legal tender
notes in perpetual circulation by
authority Of Democratic votes, il
seems that it would hardly lie in
the mouths of Democrats to ques.
ton the principle.
Can Judge Clark enlarge on this
and help us extend this very princi
pie? 1t is the identical one we
have been indorsing all the time.
The power and duty of the gov,
eminent once established the bal.
ance is detail. to be settled upon
d scussion, and if necessary by con-
cassion and compromise. Your
plan Is Utopian in that it req lires
the government to deal directly with
5000 600 people, and that upon
line of securities held only by one
class. Your tax of per cent, by
which you mean interest at that
rate, is so low that it would furnish
premium to debtors never to re-
pay the loans.
That is what we claim; that our
principle is right. The detail is
another thing. Our plan is Tito.
plan; it should be. Surely Judge
Clark cannot claim 10 be Demo.
crat and oppose the government
dealing with all its people, like our
postal sy s'em. He clearly shows
that he does not understand our
sub.treasury plan. 1t will benefit
all the farmers and they represent
40 per cent of all the people; it
will benefit all the land owners, and
they constitute 20 per cent. These
two make go per cent, maj ority
which ought to knock the class
feature higher than Gilderoy's
kite.
Your abolition of banks would
startle civilization and unsettle the
entire business OF the country, for
banks are as necessary as black.
smith shops or neighborhood gins.
We ask for government savings
banks for the safe keeping Of the
peoples money and to facilitate ex.
change.
Your plan of hypothecating your
farm products with the government
would place you at the mercy Of
spectators, from whose rapacity
you are now praying deliverance.
If Judge Clark can demonstrate
this it will kill our plan aud if he
can kill the plan he will be
a godserd to the money lenders of
the world. 1t will also kill the
peoples party, and that would place
the Democrats and Republicans
under so much obligation to him
that he would receive the nomina-
ton for president at the next
election by them both.
The truth is, l fear you have
looked too closely to your own
special interests as farmers in this
proposition of yours, Instead Of
taking that broad, comprehensive
view cf the situation which You
ought to do. IN effecting great
economic reforms, we must not re.
gard any clasr, no matter how
numerous that class may be. We
must look to the general good of all
the people.
Our plan will do that very thing
1t will benefit all the people by
making money more plentiful, it
will benefit all the farmers directly
because it gives them a chance to
secure short loan when they want
it at low rate of interest, which
will enable them to let the law of
supply and demand take its natural
course; it will benefit the land own.
ers by lowering the rate of interest
when he is forced to borrow money:
it will benefit the wageworker b7
securing enterprise in the country
and furnishing him work at good
pay for cash; it will benef! the con.
sumner by making money matters