North Iowa times. [volume] (McGregor, Iowa) 1867-current, 1870-03-23
The Pretenders.

Inc fretenOerSs
In Scotch History the Pretsnders fgur>
ed extensively at one period. We
published a little story last week referring
to the Pretenders, and promised to explain
something about it, James II, of Scotland
was the King Of England until 1858,
when he had to abdicate the throne and
flee to France. William, Prince Of Or
ange, and Mary his wife daughter of
James Ill., succeeded to the crown.
James Francis Edward Stuart was the son
Of James, and made pretensions to the
British throne. He was the first Preten-
der. After a weak effort to establish his
claim, he surrendered it to his son Charles
Edward, in l743. Charles invaded Great
Britain by French assistance, and fought
gallantly for the throne to which he was
justly entitled by birth, but the battle of
Culloden was so signal defeat to him in
TAG, that he was compelled to flee to the
Continent and give up the cause. The
story we published last week shows the
devotion the Scotch people had for
Charlie" A young reddler nearly re-
sembling the Pretender, deliberately
sacrificed his life while the Chief made
his escape from the British guards.
The songs of Scotland in honor of Charles
Stuart, ring with an enthusiasm which is
richly patriotic. For instance:
| There's news fra Moidart cam yestreen,
Will soon gaze many fertile,
| For ships O. war haze just cam in,
And landed Regal Charlie.
Then through the heather round him gather,
Yere ~ the welcomer early,
Come round him cling with kith am kin,
For whaIl be King but Charlie.
The New York Journal Of Commerce is
disposed to be facetious in dealing with
the funding bill. 1t says that portion of
it relating to contraction Of the currency,
! and the substitution of bank circulation
for treasury notes, might be condensed so
as to read as follows:
"Be it enacted, That the issue of green
backs shall be limited to 1856, 0OO, 900,
which shall be legal tender for public
and private debts.
"Be it enacted, That national bank
notes shall be issued to the amount of
$500, 0OO, 900, redeemable in the aforesaid
greenbacks.
'.Be it enacted, That q new issue of
bank notes may be made to the full extent
Of TIE authorized greenbacks. the latter to
be withdrawa as the notes are substituted
for them.
''Be it enacted, That any bank failing
to redeem any of its issues in greenbacks
on demand shall be wound up in charge
Of receiver.
s'This completes the case The bank
notes are first made redeenable in green
backs. Then the quantity of the issues
are doubled and the greenbacks all with
drawn and cancelled, but the obligation to
redeem in them remains untouched
That will do for the present"
There are other inconsistencies and con-
tradictions in the bill. 1t processes to be
a measure to advance the credit of the
government. and would detract from its
credit by hiring brokers to sell the paper
of the government. 1t processes to be a.
measure for lessening the amount of in
terest on the public debt, and it would
increase the Understanding debt $780,
100000
There is not much confidence among the
people in the financial skill of the majority
in congress; but there are provisions in
the funding bill which are generally be.
lieved to be the offspring Of knavery rather
than ignorance Times.