The times. [volume] (Richmond, Va.) 1890-1903, 1894-03-06

on demand.
Even the Populist has abandoned IN
foolist old idea Of the Farmers Alliance
that when the Government creates the"
eo.cailcd dollars. u shall issue them .
The farmer as a loan on his beets anu
c,bbaae and wheat and corn. as COZ
lateral security that the money VIII DC
rcpaid. our Popnlist friend referred u
admitted I'm the conversation OF when we
have spoken that that form OF INSANITY
lilo pob Acres "damns' has HAD us
| asv II IS not. therefore 10 be longer COLI
sidered as a Populist measure Tor getting
| the money into the citizens pockets
How then. will the farmer get any OF
This money even If the Government does
"crcate" an enormous quantity or II?
/ The Government IS rot going 20 give II
| away So that TO get II out from the Gov
eminent 10 the individual. with Govern
mont evnenses remaining what they are,
either collections OF taxes must be sus-
pended and this newly created money
must be paid out for the services ana
materials that the Government now buys,
o- larger purchases Of services and mate
rails than the Government nof makes
must be provided for 1t is not deemed
wise anywhere 70 make these purchases
larger than they now are. indeed the
popular demand. notably In reference to
the pension list. is that they shall be re-
duced. The only way, then, of getting
This Government created money out
amongst the people would seem 20 De to
stop collecting taxes and for the Govern
mcnt TO pay for all services and mate
rails that il buys with its newly created
money. This is TO be the case If the Gov
eminent puts out newly created money.
II is true the Populist has a plan for put
ting out great quantities Of it amongst
the people. and that is by requiring the
Government 10 put every half dollars
worth of silver that a Populist brings TO
TO-. through the machinery of the mint
and stamp on 10 while in there that it
has become a dollar. and in this way the
poDulst claims. and rightly too. that the
Government can get q prodigious quantity
of its created money out amongst the
people.
But even in this case, how win orr
farmer get any more Of it than ne gets
now? AS long as it keeps up in value to
what money is now worth. he cannot sell
dis land for any more Of it than it viii
now hring and the reason is that that
land viii not produce crops that viii sell
for enough 10 pay the cost of raising them
and leave balance for interest on the
cost of the land. IL is true that if he is-
sues such quantities OF these dollars that
The Government is unable 10 exchange
sold dollars for them when demanded. or
Us unable TO accept an of them in pay
mci of its revenues as and for
gold dollars, they win Fan in value 90
their bullion value of fifty cents each.
whorepon his land viii bc called worth
double ass much per acre as it is now
worth and ho WI Gud St ust as hard
TO sell lis farm for $1,000 as ne does now
for only $1,000. But everything else viii
have risen I'm value as compared with the
debased dollars, as well as his land. So
that coat which now costs him IS viii
then cost him $40. and the SANE thing win
hold good as to everything else he viii
have to buy. How viii he De benefited,
then2 lie viii have more money. n
name only. hut not DID fact. And cannot
every Porulist SEQ that when that state
Of affairs takes place we viii be simply
getting into "a modified form OF what we
saw during the war with Confederate
money? Are the PopuHsts willing TO bring
ON the country an the evils which everyq
man with grain Of sense knows follow in
The Iain of "a Deprecated currency? The
Populist may De. but we believe there
are very tcw Virginians who win remain
populisis when they understand that this
is what their financial theories inevitably
lead TO. We believe there is but one pos
sble danger to the Democratic party Of
Virginia. and that viii be- removed now
that we are going TO have fair elections.
With cheating i'm elections as the text.
Nirginians can be drawn away from the
Democratic party even to one whose
aims arc SO suicidal as those OF the Popu-
lists. But II it goes out that public scorn
and condemnation has been fixed on cleo
ton thieves cheating win come to an end,
and, with perfectly honest elections, the
Democratic party OF the State runs no
sort of risk.