Allen, Thomas Y.

The Situation In Mecklenburg:  Republicans and Populist

 








One Response to Allen, Thomas Y.

  • Editor says:

    The Populist Party arose out of the grievances of frustrated farmers in the West and South.

    The Populist adopted a platform that called for a graduated income tax.

    National ownership of railroads, and telephone systems

    It advocated a “subtreasury” plan that would permit farmers to hold nonperishable crops off the market when prices were low

    The gov’t would make loans in the form of greenbacks to farmers, secured by crops held in storage in federal warehouses.

    When prices rose, the farmers could sell their crops and repay the loans.

    The Populist called for free and unlimited coinage of silver at a ratio of 16 to 1.