The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1894-08-15
a Substitute suxgessed.

Inc SpaILauDuTS I1eEalO 5uSSSSSSS
a substitute for the sub treasury scheme
offered by the Farmers Alliance, and
presents its views on the subject by
saying that it is FIRMLY convinced that
the financial policy now in force IN this
country Is the greatest injustice ever
perpetrated on any people on the face
eff the earth. We believe that the peo-
pie are at last aroused and determined
to get some relief The great danger
is that by the persistent refusal OF
the money powers to grant reasonable
demands for the relief Of the masses
they will drive the people to despera.
tion and to excess. It was the denyal OF
the reasonable demands Of reapportion-
ment, primary elections, etc., which
brought on the revolution we have had
in this State. Just 80 it will be IN the
nation if the administration IN power
continues to bind the county to imam
cial system which is every day drawing
tighter, requiring each day more labor
to get dollar than on the proceeding
day. For more than twenty years the
farmers have seen the prices Of their
produce 90 down, down, down! In
1873 he could take ten bushels Of wheat
to New York and get $3.50 in gold.
If be takes the same amount Of wheat
to the same market today he will get
S5 10. In 1873 100 pounds Of cotton
were worth $1,000 in gold. Today 1t
will bring S6.75. It is hardly reasonable
that in this country when the power to
regulate such things rests with the peo-
pie that they will longer tolerate this
system that has robbed them OF more
than half their wealth, and CONTINUES
to rob them daily, because 1t makes
money harder to get, requiring more
labor to be given in exchange for dol
lar. The people will have more money.
The question Is how shall we get 1t. Shall
we start the presses and print it as the
Argentine Conferation did few years
back, or shall we borrow on farm pro-
ducts? The first is absolutely danger
Gus. If all men were wise and pure
and good certain amount Of geenbacks
issued could be maintained prohtably
but in a republic where the admln1stra.
ton change frequntly and the policy Is
at the caprice of the demagogue and
charlatan as often as the statesman, the
acheme is fraught with untold horrors:
No men of ordinary prudence would
hazard such an experiment or establish
such precedent. The sub treasury Is
better, but hardly practicable. Why
not 90 back to the system that has new
er failed to bring prosperity, growth,
DEVELOPMENT and advancement in civil.
| Uzation? Why not put in force the
system that worked 80 well IN
1873, before it was destroyed by stealth !
Nature has poVided that just enough
gold and silver Can be mined each year
to meet the demands of increasing
business. Open the mints to gold and
siver and prosperity will follow, but no
makesaift or artidce can give perman-
ent relief outside of the free and unlim.
tied coinage of gold and silver. His
tory, from the earliest ages, records
prosperity of the people just in propor-
tion as the mines yielded bountifully:
Even in this country this has been the
case. Along about 1850 the worlds
supply of the precious metals annually
did not exceed the demands o. COM
merce and the arts. There was no in
crease in the circulating medium and
hence prices fell 30 per cent. 1t was a
time of deepest gloom, when the dlscoV'
reies of gold and silver in California and
Australia gave new life to enterprise
and change the very conditions Of civil
lization. TIE policy of constant contrac-
ton was changed by the discoveries to
one of expansion, and prosperity
took the place ofdesolation. We
believe that the producers of
this country have determined to
threw off the grasping Shy.
locks who are sticking at their throats.
Relief will come through the opening
of the mints TO gold and silver on
equal terms, but the further question
arises: What political party will be
trusted to carry out this legislation.
Both the Chicago and Minneapolis
platforms were for bimetallism, and
yet the leaders of both the parties went
squarely back on it. Will the people who
voted to put the Democrats in power
trust them again? Promising to treat
gold and silver on equal terms, a Demo-
cratic president went so far as to refuse
even the coinage of the siver the gov
ernment alre2dy owns. we do not un-
dertake to a:isW e., but If the Demo-
cratic party j. wise 1t will lose no time
in unloading 'he men who have caused
the party to repudiate its platform"