The Iuka vidette. (Iuka, Miss.) 1894-1912, 1894-11-01
Land Loan Scheme Dissected.

Tynes, Miss, Oct 31.-This measure con-
templates that the government shall issue
an irredeemable paper currency sufficie mt
to loan each farmer money suitable to his
wants, and take a mortgage on his land at
two per cent interest. The first idea that
presents itself Is the vast amount of fat
money the government would have to issue
to plaster the farms OF the United States
This enormus sum OF irredesmable fluctuat-
ing currency is sufficient of its self to dis
bar the subject from further thought and
discussion by sensible people. But as tho
popuiist insist upon discussion this ques-
tion we will notice some OF its features
In reviving the history OF our currency we
find that France once had it's finances based
upon scheme simular to the present one
proposed by the third partyites The
French assignats were irredeemable in ma
tional domains, and history tells us that the
nominal valua OF the domains increased ex-
actly In proportion as that Of the as,ienats
declined, and fiually q assignat of the high
est denomination would not pay for a
single SOL THIS is the system of finance the
pops wnnt to set mp. Rational people
should hesitate before they embark In such
crusade. Every attempt that has been
made in this direction has been attended
with disaster
Populist speakers never moro fully be-
tray their ignorance than when they at
tompt to discuss and to expOund the money
question. France 10 the only government
that has ever attempted a paper money
scheme and she learned lesson that will
/ not be forgotten soon. 1t was the votes Of
John Lan's bank which proved to be the
financial ruin OF thousands OF people. The
money was thrown out in tho streets OF
Paris where 1t lined the sidewalks to be
tread upon aud spit upon a. common gar
bage. The populst frequently mention
the assigna,s Of France as an illustration to
prove their theory correct The fact is
that money of the French proves all against
them Several bills were introduced by
populist representatives in the last con-
gress looking to the absorption Of land by
/ the government. One Of these bills was
fathsred by repre- Davis, of Kan
sas. This measure OF Mr.. Davis wanted all
mortgages on land foreclosed by the gov
| ernment, forbidinG interfearance of state
laws, etc, viz That when any porson
holding q mortgage ON land, and 1t fell due,
that he or they should go to the county
clerk and receive an abstract Of title, for
ward the same to the Treasurer ut Washing
ton ane receive fat money as pay and tha
the owner should pay one per cent pei
annum for twenty years. At the expirs
tion of said time If the debt was unpaid tn,
government should assume ownership 0
the land No arrangement Of any kind wa
proposed in this and similar bills to eve
ALLEVIATE the land from the government
All the propositions and measures propose'
by the populist are derived from Edwar
Bellamy, its founder, and mis- teachings ar
that the government should own all prop
erty. After such results have been accom-
plished there will be no chance in life
other than that OF government ssrvituds
The whole people will be placed in tn
same relation to the government. Th
people occupied towards their masters bs
fnre the war. That ia it in plain words
Ell L Z