The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1873-12-12

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iake time Imitation ~, ,nr hand. i,
compelling she tlavsfuascui IN liz uthe,
tn w Interest without rsssrxApoMllns
ben.nsA upon thu susnsus funds "a M
csssnsfy during .the pcnssu when otherwise
unemployed, | submit &c yrnt conaldes,
stlcn whether this dIficalty might nos BIZ
overcome ~ authorizing Tie Srctrssfy III
ihc TItasnry n lssue Il any slMc IL Ma,
tlnnal Hanks m issslc, " Any amount ~
their hotcs below, Z nxrd per- een,ase 81
their tsp1r. Nay fsilr l,vS cent, nno,, The
hsnk. dcrmt lux with thc Treasurer II IN
unitvd NtAtta On amount " tanyrfnmtn
bonds rqusi u tho amount al demanded
the hanks 10 forfeit In thc tlnyrrnmenl
say four pcf cent. IN ,hr inlcrcss acrtt,Iuv
on the bonds so pledged tufin9 HE llmc
they remain with shc Treasury a security
FIR tho lncfrnAed circulation. the lmnds m
plrsiec'l, ~ lpc rcdccmAbic BIZ TIC hAuks Al
their pleasure, either lii whole III la mart
ny returning their own bills tor rnncslla.
t.nn, 10 an amount cqusl IL the face ol
The bands Withdrawn. would furthc,
tnegtst fnr your confederation The prnpri.
~. " authorizing National banks 10 al
mia'sh their outstanding Issue NJ pleasure
" returning for cancellation their uwu
hills and withdrawing 80 many United
states bundsa ~ avu pledged fnr tho hilll
returned. ~ view II the great aetna
contraction that has taken place Ia In
currency ana the comparative con,rnctlor
constantly going IN, alnc RI the iucrsnas
of manufacturer and Inc ministries. / N
mot tcllevc that ihcsc ID loo much Of Il
now Or tho dullcst rcrlnsl II tho yca,
Indeed u Clearing Houses should 10 -
! tAhlsshesl thua forcing redemption. II ii !
' question ibf confederation whether III,
banking ayatcm should net be made free
= rttAlnlnx NIL ot the safeguards now r.
quircd 10 secure the blll.h0l.lers; Or m,
mobilization VI tho pr aent Laws rcculmi
Inc our National DAnks Aud a. turtle
. step towards paving the NAV Tor rSump
: tion " specic payment, Invite yon
! consideration ri tho prcrrlc.y " sxnc.lnI
! from tho retention % part cf their reserve
either the Whole or part Of the gold Ia
!, tertst accrsalng uron the bonds pledged ri
J sccari.y tnr their Issue. | hsvc NIT n
flccicd enough on thc bearing this migh
; hnvc In producing 4 scArcliy II coin will
which Ia pay the dulics On ImpnYts, Il
:, give Y my positive recommendation, bu
!, y"''r A'ienilon II inslscd To ihr snhIrfi.
I rMs CONTRACTION.
b DuiIng the last four years lhs curfsnc
!. has bsen contracted decidedly bv III
i Withdrawal 81 the three rcr cent. ccytj0
|. Gates. toMro~td VI in,cT,$. on notes III,
i. N honds outstanding on Tn aih 4
!. March, lh6U, all of which t.nk The pho
q ~ legal tenders In thr hank reserves Ii
thr extent ri e0U. 900 mo-. During III
!, sane period there has tsssen much large
comparative contraction NJ currency, III
). population OF thV eNnntry has largely In
!, r',a-,sl, more than 9tOO0 miles az fNllrpa,
A.s' lnsn built, requiring IN wctivA IN
III capital u operate them. Miiiluna d
y acrs II lnnd hare been opened 10 cnlsiva
g tton, requiring caplisl IN remove thu rro
J ducts Manufactures hNys MnlslrlIr
beyond all precedent u thu same ptflo
7 ~ time, requiring capital weekly for iii
Y payment vi wages anil lOs the purchase 4
y material. and probably The lnrKsxt of Al
y comparative obstruction atlalag from Iii
Y, organization NJ free labor tnr I'm Neull
= Now svery labores there receives hi
& wages, and Tor want NJ sAsings hanks III
y greater part ~ auch wAGeA II carried 1
Y TIC pocket " boarded MI required 4,
use. Ihcee suERcAil0rs Ase ihrnwn ot
J for your consideration without any re-,
coMncnt!Ntlnn That they AhAll bc Aslop.c
= literally, but hoping that the host mriho
y tlclty Of currency N Will keep etun!uys
% MI lnduAlllta of Tho c0uAtry, md IL pr.
y vcnt a.lch imitation D. VIII en-, oil nlel
y nitcly tho resumption III specie pNyMrn,
y m object devnutly IL 10 WishUl nf l,s Il
q ana by mono moro earnestly than by II
! clAss VI rcOple snnet directly Inicfesie
y .h'Ac who earn thCls bread hy lilo sNe
y vi their brow. The decisions IL 20
~ vrcss IN this subject Will have the lieArl
2. support Ut the Executive.
i. sslir RuIibixn.
d ~ previous messages called at,paI.
Il 10 the decline In American lLlp blalidlu
A and recommended such instliAlion
rr would secure 10 the unlcd slA,oA our n.
" tlon ot Tho carrying trade Stimulated
+ tho high rates aud tho abundance,
nf freight. tho prosrcsa fur tho last rear
II .hip building haA lecn very aaliaiactnr
10 There has been N increase 0f about lhs
IL per cont, IN tAe amount transported
q. American vctsels over the atnnnnl nf ii
10 year. With the reduced cost III mAlerl
Ii which hns taken place, Il may scAsnnah
V " hoped that this change viii be ,nAIn,nl
n. c9 anu !McreaAcd However N ~ y
4. eighty million dollars per Annun, IL farell
Ii veaecls lar Tho transportation ri nnr u
n thc balance ~ trade against TN Unit
10 States "a Ills amount. lho oubleu il !
NJ unworthy " your CONSIDERATION.
Tus rRANtrohTArioM QrHSriok.
Cheap transportation 10 Auhi~cl Il
hMA attracted the Aiitn'inn ~ hnlh b
~ duccta and consumers fnr tho rA1l 4
Is, years, and hAA contributed Ia, n Il haa /
W ueea lhe direct cAusc III lhr recent rAi