The Union times. [volume] (Union, S.C.) 1894-1918, 1901-10-11

u'ed product Jf general ,.sr as n i.viu
tie main agricultural prMluct mad. :h
basis of Federal Subsidy or a-sisLa,ta
Under our form OF GOV, rnnen,, An
patfrnali'm Of this sol, mus; be r-usyd
as practically impossible.
WHY GOvERNMtNT AID ISIMphAC
ICABLE
The question recc,tly cane b, fore ;
mee' lug OF farmers which attended A
Num- apolis. AT an Informal talk ol
that OCCASION made tentative SUI ges
ion that this paternal feature might b
| avoided ii tn Government were 10 ta>
'rn g,OweIS one Cent a bush | OF thei
crop and use thr fund thus accruing fo
the building of grain warehouses and fo.
making limited advances, at low rate
OF ii'ter st, on the crop This, | must
confess, was au offhand opinion which
attracted much more Widespread at en-.
lion than desired and tu which an I'M
due weight OF Importance was attached
without careful reflection and analysis
1t seemed to Ine, at Tho moment, that
this plan would do away with any real
ground for the charge thai, under the
Governmct warehouse scheme proposed
''all classes should be taxed for the
benefit of the fewn Nature c)nsidera-
tlon, however, has convinced me that
this plan would not be entirely feasible
for the reason that it would Imply tax
upon some farmers, no matter hny
sma II the numt er, who would not sub.
Scribe to the wisdom of such taxation,
Or VIII, on account of their own prosper
ous financial cnriiiiJn, would not need
assistance. This world I've in violation
OF The spirit Uf the American people
aha OF the Fundamental principles OF
our Government. In thrs.. dayS the
men who get ahead are those who do
things for themselves Therefore
am compe!!-d to beirve that, as a sub
-stltute Tor all p,ternal propositions by
"hich the Government or Il large part
OF the people would be made to cnntri-
b'te to the heptit of :, single class.
lsie nnly wire and feasible plan is to
Induce that class t. work ouJ It's OWE
salvation through combination and
e operation.
PLANS FOR GIGANTIC CORN TRUST
The central thi cad ahnnt which such
continuation must crystul:'2e is, in my
opinion, a falm-rs' banking insUitu ion,
With s''tli"lrnt capital to finaMce thai
PARTON "f ih- corn crop which, u'der
present conditions, is marketed rs suou
AT er harvest at H. Is il con 'itinn to h-
n"v'd. My 'ffhard suggesting, to iile
farmers OF Mi"Eeap,lis WAN that this
lnslitn;,n shmld b- capita'tz d far
S10, ,tiJti,' w. More careful mv"stiga-
lion, however, convinc-S me tha, less
ih''n half this capital "oult b.. required
to accomplish the .urp,se with ease and
safety. The reasons which have led to
this conclusion ale briefly these: As on!y
twenty five per cent. of any corn crop
pass. = outside the limits of tie cnnut>
III which il is grown, it follows that his
bauk would be called upon to inance
only a'rn' 400 gANl4 h,lai,'ls IA year,
after iuaEinS piOpet allowances for thai
"'asS OF pro'iu;nrs not needing to avail
themsclvcs of loan facilities
The stock of this bank should he dis
tribnied to the producers oP corn only
and on the bas'a Of one cent bushe nf
The crop OF that year-nO sock To b..
placed in less amount than ten dollars
bTcaus" Of the cost # The clerical labor
involvea. This plan woult prhrln "A
ion. in round numbers, or $40
OOO, 900, which, as have already lndi-
Gated, would appear sufficient to take
care of 4OO, 100000 bushels of con :;
year, or all that would need to he hnanctd.
Before dismisslns this feature of
the plan IL should be said that no.
where. save in America, is there )
line of industrial Or agricultural pro-
dHctlen asgregating a total of $780,
100000 to $8O0,0O0,OOO a year,
with so small proportion ofthe whole
requiring to be financed in the pro-
cess of marketing. Hence, l repeat
that. on this account capital of
2O.OOO,OOO seems amply sufficient
to provide for the equitable distribu-
ton, during the whole year, of. toe
surplus corn that leaves the iarm.
The farmer who feeds his corn to
cattle and hogs, and thus markets it
on the hoof, always receives for it
return well above the current market
prices. He is not, therefore, in.
terested in securing an advance on
Ills crop, except for the reason that
it would materially tend to keep the
price of hogs and cattle high. Well
TODD farmers, already independent of
the capitalists, would not have re.
course to such bank, although they
would benefit by in advanced prices.
The number of these is much larger
'han might be supposed. This leaves
only the renters and the tenants, and
the farmers who have not yet accumu
lated capital enough to make them
independent of market conditions,
would have to be taken care of. 1t
is this class, comparatively small in
numhcr and in nernentaoa ~ nro