The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1867-10-25

attach definite meaning to it, but
regard it as indicating loosely,
about the power which one horse
could exert. 1t is, however, when
used in the sense under considcra-
ticn, as definite as possible, and
means the power required to lift
33, 900 pounds avoirdupois one foot
high i'll one minute.
The RULING PASSION STRONG IN
DEATn.-The New York Herald
says that number of republicans
have been in Washington consulting
about our finances and adds:
"What do these financial patriots
propose to do? Simply to retorn to
specie payments about eight months
from this timc--that is to say on
the 3Oth of June next. And this is
to be done by rcdeeming in gold the
bonds these patriots hold. That is
the government shall pay for the
bonds about thirty per cent more
than they are now worth in market.
The government can now enter the
market, just the same as Mr.. Smith,
Jones or Brown can, and buy these
bonds at a little over seventy in
gold. Yet it must not 10 so. ac-
cording to these philosophers, it
must give hundred in gold, though
all the rest Of the world can bay at
seventy, Or it must not buy at all
until the market price is forced up
to par. This would be a nice little
arrangement for the bondholdcrs, if
practicable. -
This is the simple truth, hut it is
|wholly impracticable. The Fclcr-
al government is not at present pre-
pared for specie payments, and no
such scheme should, for one moment,
have the countenance of the people,
Their first effort should be to pay
these bonds in grccnbacks, givin Q
the holders Of them until 1860 to
resent them for redemption. rcpu-
dating n presented after the date
fixed. This will give the people
the difference between grecnbacks
and gold in their redemption, in
stead Of hondhollcrs who bought
them at a ruinous discount paying
for them in such currency as we now
ask them to take for their bonds.
TO require this is simple justice,
and more the people should
not, and will not do. The injustice
of their inception the people have
endured; it was urged as a military
necessity; no such plea can now be
interposcd.
One of the unjust features of
these grccnbacks and of the subsc-
qucnt issue Of bonds was that Con-
gress enabled the bonds and green
backs of the rich to be put into the
scales against the life of the poor,
in excmpting the rich from the
hardships, and privations and dan
gers Of the war, by the payment Of
these legal tenders, $500 of which
cost only at about 800 in gold
And now on this 500 in gold invest
cd in bonds to relieve the nee csSi-
ties of the government it is propos-
cd that the people shall pay $500
in gold, besides paying the interest
that has, and shall accumulate, in
coin.
Another unjust feature would be in
requiring the laboring man to re-
ceiye the wages of his labor in the
deprecated currency of the country,
while paying the d-holder for his
venture in coin. In short it cstab-
fishes one kind of currency, viz
coin for the rich, while another and
inferior kind is to compensate the
laborer for his wages, the farm cr
for his produce, and the person who
loaned his money when gold and sill.
yer were the currency Of the coun-
try. The people should insist that
no system so unjust and discrimin-
ating should bee ONE the rule of the
government in the discharge of pub
lie debts as distinguished from those
that are privatc.-( -(Eds. Plain Deal
er.)
SHARP PRAcTICE.-An adroit
rogue succeeded in Il clever swind!e
at Nashua, n. H., on Thursday.
He managed to bump his head
against pane of French glass in a
store window, breaking it complete
ly, and on the storekeepcr demand
ing pay for the damage done, claim
cd that he had no money. On be-
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