The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1920-08-25


acntlnS the farmers and consumers
under government regulation. While
operated by the people directly inter
rSIrd, the ownership Should remain
III me phOlic SO as to prevent their
DeinS bought UP by selfish interests.
| MS WOuld encourage greater produC-
uon OF the ncccsSariCS OF life, reduce
/ me cost OF iWing, to the benefit of
pFoduccrS ana consumers, and rcndrr
the cold storage Il blessing to man
| klnd instead of curse. 1t would en-
able the exchanges TO find an cx-
change that needed its surplus and
he price would be fixed and payment
MADE before shipment. This principle
appilcd TO cotton warehouses, etc, for
southern farmers, and grain elevators
Tor western farmers, controlled local
iy but protected by the national gov
erhment with government bureau
! OF information as TO whore surplue
Is needed would absolutely DESTROY
the currupt New York exchange, be-
cause it could not take advantage of
rack OF information Of the people as
to markets to make enormous profits.
WI! Government Aid
| The national government shou1d
furnish the financial aid for the fol-
| LOWING reasons: There is federal
taN oi ~ per cont on currency issued
| by the state. The national govern
mcnt could issue sufficient amount
OF LEGAL tender notes and lend thcm
to the states With provision for the
retirement Of a small pcrcentum each
year out of the operation Of the plants
ana in a few years the people in every
state would own these valuable plants
AZ lne cost OF the paper, ink and
printing of the money to erect them
some may say this would not be good
money. Lincoln used about $lOO, 900. :
ono OF thc same kind of money TO
hlfe foreign soldiers to face South
ern soldiers, and it is still in circula-
! ton. Also, we sell the foreign mar
kets about $7,000,00O,O00 worth of
merchandise while we buy from them
only about S3,000,0OO,0OO worth. If
they we're to refuse to accept our
money we could require them to pay
for our merchandise in money they
would accept for theirs.
The packers place (say) 500 600
worth OF meat on cold storage and
thelr central reserve banks print and
lcnd TO them $4,000 worth of papcr
money to enable them 20 hold Ill.,
why would il not be just as safe for
the county or state to place 100000
worth OF meat of farmers on cold stor-
age and get from the national govern
ment $Io,oOO worth of money ba ackcd by
The county or state to enable the farm
crs to relieve their creditors until their
exchange could sell their meat and
settle Nth them.
no" can consumers expect to get
fair prices while proiilccrs use the
power OF government privileges to hold
the heccSSaricS Of life off the market
and Starvc or freeze them into having
eNhorbitani prices?
refer to meat because every section
Is interested in saving and encourage
ing the production OF meat. The same
prlnciMe would enable the states to
protcct their particular industries.
why should the farmers who want
, 9loU,ooo on their cotton have to nav
me national banker IS 900 for print
ing ana lending them paper money?
why would 1t not be just as safe for
counties or states TO store their cotton
and get money for them at cost?
how can the farmer expect to get a
lalr price FOR his cotton as long as he
mas TO borrow from the spcculaior TO
max" and hold his cotton, store in his
Warehouses, insure in his insurance
companies, until his cotton mills get
ready 1Or II?
Public Debt.
belicve the public debt should be
MADE circulating medium by ex-
change OF government legal tender
lo'cS Tor the outstanding war debt
pohdS with provision for retirement of
one or TWO per cent each year.
This would relieve millions who
| through loyalty TO their government
| dc III.
| them. and are prey TO SpcculatOrs
1t would create undrcamcd dcvclop-
ment OF our resources by forcing large
| DondhoidcrS to extra effort at invest
ihcht IN order to obtain an income,
| IT would relieve the people from
heavy taxation to pay interest On in
active bonds. 1t would make the gov
ernment debt an active agency of do
|velopmcnt
If we require Europe TO pay us in
tereSt on what we lent them, it would
retire these notes in about fftv years
| without any tax on the people and the
principal Of the debt Europe owes us
would be NET PROFIT.
Railroads.
The CummingsIESch railroad law is
a surrender Of the rights Of the people
to those interests, Is not only an at
| tempt 20 enSlaVe the railway employees
but Will add billions Of dollars TO the
cost Of living by excessive freight
rates based on fraudulent and fictitious
stocks and should be repealed 1t guar
antees them about $500,000,0O0 profits
for first months and after their re-
| turn to owners. Some railroad ofc-
ials are paid 100000 to $4,000 year.
Regardless of high salaries, etc, il the
/ pnn rio lnun i,nlc Il