The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1895-09-20
LOANS ON LAND CONTINUED,
Anderson's Side Of the Perplexing
Question.
THE BEST SCHEME FOR THE WEST
Our Country at Present is on the Eve Of
Being Thrown Into . Terrible
State OF Neutrality-suspicious.
gent Remedies Needed
BLACK HILLS UNION:

gent Remedies Needed
Editor BLACK HILLS UNION:
In continuing the discussion with SEN
ator MCGEE, an explanation is due the
y seders. / am not rushing INTO print to
either notariety or position. /
layf all I want Of both. / took HIM up
because by virtue OF his office he is the
standard bearer OF the populist party OF
Pennington county. AS such he, by his
vote and voice SUI to know more
than the fifty men who framed the plat
form On which he was elected. In his at
tack on the land loan scheme he assumes
to know more than the 500 delegates
to the Omaha convention, which is g.
breach OF party discipline tending to de-
moralization. l hold first, that in prl-
maries and conventions are the only
proper place to make or unmake a plat
form and that after It's adoption by the
majority IL becomes a law to all until
revoked or altered by another SIMILAR
body. l hold second, that it is not ne
cessary for the populists to champion
the cause OF the rich. They are able to
take care OF themselves, andfurthermore
they have the means to hire the sharp
est tools in the land. TIL freely concede
that my opponent has read more stu
dents Of political economy than I. The
only benefit to be derived from such
study is to broaden the mind, if it fails
to do that then it is time lost. Every
age must formulate It's own political
economy. The history OF the world
shows no comparison to our present.
conditions, if we fail to grasp the sltua-
ton and apply the proper remedies, we
will perish like the Romans.
The senator accuses me of assertions
instead OF arguments. Webster defines
assertions as positive declaration, or
averment". | now reassert the land
loan scheme is not new, not ever in the
United States as the early %colonlst pros.
pered wonderfully under it. I reassert,
no money is NOW issued which does not
draw interest from the start with the
exception noted. That loan on land
would produce Handed arlstocrats and
crlnglng serfs l deny, that 1T has done 80
in Europe l also deny. It Is the contrac-
ton of money and the feudal system is
responsible. Henry Clay is my au-
thority for the following: "By the con-
traction of moneyin England from 1916
to 1926 more than four-ffths of the
land owners were robbed of their estates
the whole number in the kingdom shrink
ing from 100000 to 10000. That was
the period when England resumed
specie payment and as like causes pro-
duce like results. The very same thing
happened in the United States. None
but an enemy, or unlnformed person
would compare our scheme with the Ar
gentine bubble. In the first place we pro-
pose to limit the loans onland to SIS, 900
in amounts and to actual occupiers OF
land. The money to be u legal tender
RECEIVABLE for all dues public and pr.
yate. The whole amount not to exceed
$50 per capita. What were the condi-
tions Of Argentine compared with ours?
First their banking system Is Identical
with ours. Their money is redeernable
in gold. The cedula was used TO SECURE
THE CIRCULATION OF BANKS in that re-
spect they we're better than our bonds.
How about the financial standing oil the
respective countries.
Argentine had an estimated popula-
ton OF 3,9OO,OOO-we have Is, 100000.
Argentlna's annual revenue is seventy
three millions with excess of expenditure
OF twenty-one millions with a per capita
debt OF $7O.4O when ours Is only $14. SO.
}ney issued 500 per capita in redeem
able currency and we propose to issue
per capita in receivable currency.
70 the most energetic
y. -. Int people on earth. Where
az -fheesshhHsss g population lis composed
OF three-fS .sas Italians, one-tenth
Spaniard, o~ne-twelfth French and the
remainder of other nationalitles. Sena-
tor, there can be no comparison between
the two countries, or its effects. You
have taken for granted that those who
have tried to redicule the idea were
right, which is not d safe thing to do
with a Pop.
The Senator reiterates it would bene-
fit only the land holding class-who are
that class? Are there n statutory