Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1908-06-30

that the application of business meth
ods to all governmental, as
we'll as others, has effected the best
solutions, 1 am offering myself as
candidate for the United States SEN
ate, believing I can be Of some use to
the people of my state, to the south
and to the country.
"The present currency laws OF the
United States are framed for the ben
eft of the bondholding fraternity or
New York and New England, and
against the interests Of the farmer, the
manufacturer and the producer gener-
ally Under these laws, the southern
bank, from whom alone the farmer can
obtain the currency to gather MS
crops, is now compelled to buy this
currency in New York. Every fall the
stock exchange specuator runs up the
price of money, and thus makes 1t
difficult and expensive and at times
impossible to get the currency needed.
THE farmer is driven to pay high
rates, is driven to gather his cotton
under spur and whip, and to sell 1t,
not as his judgment dictates, but as
necessity demands. l have prepared
a currency plan in detail which enables
the southern banks to obtain this cur
rency when it is needed by the FARMERS
without going to New York or de-
pending upon bonds-a currency based
upon the certificates of the banks them
selves. which means the credit OF the
communities in which the banks are
located By making it condition that
every bank to obtain its charter snail
guarantee the note Of every other
bank, the currency is made the
strongest in the world
81 do not believe it Is realized how
materially this currency question az
fects every interest in the country.
The intricacy of this question has
made it so difficult to understand that
the representatives Of the large mon
eyed interests of the northwest nave
blinded the people of the country, ana
enable them through the present cur
rency system to levy tribute upon eV-
ery industry to a greater or less eX-
tent. For instance, there was panic
last fall, and no currency could be OBJ
tained at any price. The reason was
that all bank note currency had to be
secured by the deposit Of government
bonds, and the government bond mar
ket was cornered in New York.
II have constructed n system on the
lines of our Federal governmental
system Of the people, and for the peo-
ple-a system based upon the credit
Of the country, its industries and COM
modities distributed throughout the
length and breadth of the land; sys-
tom from the proportionate benefits
of which no community can be eX-
cluded, yet a system behind Whlch
stands more than the combined cur
rencies of Europe; a system Whlch
Iccnstitutes not only a boon to our peo-
lple.. but q bulwark of strength to the
lgovernment: a system which VIII for
ever free our industries from currency
Ifamnes, and our country from panics
"The tariff duties should be imme-
diately reduced to the lowest point
consistent with the needs Of the gov
ernment economically administered. lr
the process of reducing the duties, the
utmost endeavors should be used tc
prevent discrimination against south
ern industries, coupled with diligen'
| inI ri chnl1 receive
the fullest share Of advantage from
whatever remains.
; The tariff, of course, is n taX-ar
Indirect taX--and the whole question