that it will be necessary to erect 1000 warehouses, each costing $30,000. This will necessitate an additional expenditure of $30,000,000; that is to say, it will require to carry this plan into full and perfect operation all over the country, $75,000,000 - not twice as much as the deferred payments on whiskey. The question naturally comes in just here: Will this expenditure in any manner impoverish the treasury of the United States? By referring to the last monthly statement of the Treasurer of the United States, it will be seen that there is now, and has been since 1875, locked up in that treasury $100,000,000 in gold, and that it has been, and is still being, held for the purpose of redeeming outstanding United States legal tender notes. This money could be used for this purpose, as there is no law which placed it there. The benefits of this measure would be many. Among them might be mentioned the following: It will place about $550,000,000 in circulation and in the hands of the people, at an annual cost of $5,500,000. To get this amount of currency into circulation under present laws, the following would be necessary: A national debt of $610,000,000, upon which to base the issue of national bank currency, the interest upon which at four and one-half per cent amounts to $27,450,000. This would take the money from the national Treasury, and put it into the vaults of the banks. To get this money from the banks will cost the people at least $55,000,000 more. The two together make $82,450,000. By deducting amount of interest necessary under our system, we find the farmers will save $76,950,000 annually. Besides, under our system, the rate of fire insurance can and will be reduced at least one-half the present rate. This will add at least $20,000,000 to the savings. The economy in handling that will necessarily follow the carrying out of this plan cannot add less than $20,000,000 more. Again, under the working of this plan the grain-raisers will save, at the very lowest estimate, ten cents per bushel on every bushel stored. This will add another saving of $88,681,900, and not raise the prices that producers now pay for it; but, on the contrary, the price will be rather reduced. The cotton-raisers will save, by this system, at least one-half cent on each pound of lint cotton. This will add $17,347,000 to the - savings, and not raise the price to the manufacturer one cent on fifty bales. The savings on tobacco, sugar, rice, and wool cannot be less than $8,000,000. All these savings together amount to the enormous sum of $220,978,900 to the farmers annually. Thus we see that, by investing $75,000,000 in erecting buildings that will last fifty years or more, we will be enabled to save annually, in the hands of the producer, $220,978,800 that now goes into the pockets of usurers and speculators. The carrying out of this demand will confer as many and as rich benefits to every one engaged in any legitimate calling as it does to the farmers. All who are well posted know that more merchants have been ruined by speculating in produce than by anything else. The mercantile business in the agricultural towns has drifted into this unnatural and ruinous attitude by the credit system, this system becoming an imperative necessity by reason of the contraction of the currency. Our system relieves the merchant of this, his worst enemy, by saving $220,978,900 to his customers annually, which would soon enable them to pay cash. The manufacturers under the present system are forced to enter the market and purchase within three months sufficient material to run their machinery the entire year, to prevent speculators from cornering the supply. To be able to purchase such large supplies at one time, they are compelled to apply for loans, mortgage their property, pay exorbitant interest, which must be added to the manufactured article. This must, of course, augment the price, which in turn forces under-consumption, which in the end can only enrich the usurer and involve producer, manufacturer, and consumer in one common ruin. This system will relieve the manufacturer of this as well as other useless expenses. Our unexcelled facilities for rapid transportation and instantaneous transmission of intelligence conspire to make the carrying out of this plan the more easy. The manufacturers will not be compelled to buy more than one month's supply ahead, knowing that a sufficient supply can be had at any time. They will not be compelled to borrow large sums of money at exorbitant interest, for the manufacturers will find out at once that the crop will not be sold to speculators, but held for consumption. The eliminating of speculation will enable producers to carry more from the manufacturer; hence self-interest, if nothing more, will make the producer, manufacturer, and consumer co-operate in supporting this demand. It is a well-known fact that the railroads are blocked with freight for about three months during the year, by the haste now practised in marketing the crops. Railroads are compelled, in order to hold their trade, to buy large additions to their rolling stock, to stand idle upon the sidings for nine months in the year. This necessitates a large outlay of capital, which of course is added to the freights, and in the end is always charged to the producer. This system will distribute the shipments through the entire year, and enable the railroads to give their employees regular employment; hence it is to the interest of railroads. that our system should be put in operation. This system will enable the millions of farmers of the West to pur chase thousands of tons of coal from the starving miners of the East, and feed the miner and his family on the corn that speculation now compels them to burn for fuel. What an absurdity to cry overproduction when those who raise bread burn it for fuel, while those who dig coal must quit because they cannot exchange it for bread! Our system will emancipate the true merchant, manufacturer, farmer, and laborer. That it benefits the railroads and every other legitimate industry; that the prosperity of our people demands it; that common sense, honesty, and fair play demand it; that every principle of humanity demands it; that the genius of advancing civilization demands it; that the perpetuation of free and just government demands it; that the plan is perfectly feasible; that its cost is insignificant; that its benefits will be enormous; that no more pressing necessity could exist for it; that it will make every industry prosperous; that no one will be injured by it; that no sound reason can be urged against its adoption, - for these, and many other reasons, every prompting of an honest heart demands that we adopt it. Let us align ourselves on the side of right, and forever free our people from the power of money to oppress, and march forward to a new civilization, thereby making our institutions the beacon light of liberty to the oppressed of all nations, and make of our people a nation of patriots, full of strength and prosperity. In such a country, every laboring man will own his own home, free from execution, across the threshold of which no usurer or other tyrant dare pass. Let us unite in making our country — "The land of the free and the home of the brave, |