A Great Scheme

A writer iu the Philadelphia Press shows that the scheme of the Farmers' Alliance of the South and Southwest to have the government loan money on farm products and real estáte at 2 per cent.would be a bonanza for the millionaires. The Astors or the Vanderbilts, for instance, could borrow $50,000,000 at 2 per cent. on $100,000,000 worth of real estáte; then invest the $50,000,000 in more real estáte and borrow $25,000,000 ; and so on down until they had borrowed $99,987,792 and held $199,987,792 worth of real estáte. The total interest paid to the government would be less than $2,000,000, while the income from rentáis would be nearly $10,000,000 on a 5 per cent. basis, whicli would be a low rate for business property. Instead of making $5,000,000 a year the millionaire owners of the real estáte in question could make $8,000,000, net. Besides that, the lacrease in value of the new real estáte would be at least o per cent. a year, or $3,000,000 more, so that the actual gain would be $6,000,000 a year more tlian now. The millionaire real estáte owuers would make more out of the sub-treasury 2 per cent, scheme than the farmers. No wonder so rnany farmers repudíate it. If there are any places in the gift of the people that ought iu some way to be taken out of politics it should be the courts. And this is saul even after readinji Johnie Enright's wail, and bitter attackupon Judges Morse and Charnplain, because they refused to appoint him as a reward for political work. ïo American could be so foolish as to suppose that a Britisli ship niaster carrying British and American products, manufactures, or any exports would praise the American stock of goods in a foreign port when he is always al [o wed a commissiou by the British s hippers' for alisales he can encourage Henee, we give our trade and ourselves away ly entrusting our mercahndise to foreign freight ships.-