The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1874-12-25
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sNNF# RF3@ss8FM W. 8efs@8EN #fSN8 ~ 49,
v~ssss. s~A aAssseA satt@~s m*sus
49,. Ae&*as $50 So tstfFs fraH.4hi
aGAss IN sAt sstaAals II imsvs 4
f~sssasir Feas ~ sts Assu II sAinv eia~+
ee~4v~~@ sassereA II. ~ ssliAa sisea
tAsshls II - lsrsNl uaess n sAs
tnsssa ssa'ts sheN AaAwf ervsnAsti.
~ ssvasmf nrsps 49, t,sal stIHf iisss
vsnsf~ss saava fHss fsf rsrs h ileis
sslss Ny lts,slie1 ~ sh,is lasusn,
n eein A fAs Anas sssA III rnns
Sscw " ~. aselAtsa " ss#sate shass
The faith IN sN~ ,nstsa State. /.
sal~~aals pledged u the payment in
easn - ~ equivalent II Al .llsgsti W.
n the hisel States NIL bearing
insevess knew ~ tsai,~A Ssa,rs aat.s
ne sAme art fmsss aMisH. that The
United Stas~e sa.tnnls rleAa,r. IT. faith
y make provision A the earliest laan.
ticaele period f.s the tedems,,un II lhs
United states mote. lii coin.
How has The government maintained
isa faith t.wsrd these debtor elasses
Millions Il dollAsa III hunis nj 80,
due have been paid by the gos%rnmsn,
~ rates far In advance u their -,
vAlae; the accumulated insers., they
have earned has been promptly paid In
coin. no matter ii wha, cost obtained.
while the honas themselves have been
and are likely 70 remain exempt from
tasation. This Il the way The rich man
interests have been watched BY the *.
seative and protected hy Law. with ~.
saranccs ringing On loyal lips every.
whore that they shall 10 paid in coin 10
ths utsermost fsrthing
The poor mans currency consisting
Of grcenhacls Or treasury mites, on the
contrary - threatened with destruction
b, this sams authority. withan, - much
~ ono s'l.rt ~ lcI'erm ti,e pls,gr sgr
slsir redemption IL Gin. Tia, We may
d. the admipist. a,;an III Il Justice. 40
quote FROM tie las, arrnal message a.
congress:
Ill II the duty Il congress to devise
tho method < correcting tie c,i',
which ARE acknowledged Il exist, anu
not minc; has will venture / Il >ugst /,
two nr three taings wlueh sssln H. iuo
a. absolutely n,e .ss..rs q attain IL
specie payments: TIE first private
requisite II u return Il " ,.r.rity the
legal tender clause 70 tae law auihnrix.
Ing tho isSae of currency ~ tho ma
tional government should be ,cpea!cl. "
Tho secretary II ,he treasury act.
lug IN full harmony with these recon.
msndAtions ~ th, rr,Nlsa, III hi. re-.
pert ;nss 'na'- = congress n',l<cs ii.
came course after admitting tlAi -
e6sct ri this measure will IT. ~ lc,..sc
tho vnlumc II mn,ey in .sistrrcs Ii.
tl.1 | nitna .stasc>. 4, the ability IL "a
r ,v.rlheft o. redeem. Instead u
rrasi.lia: IN tltc return H. specie in.
meats Nv leaving ~ manv dullal1 Il
Eol.l aud sl,,ora> ,strre arc II currency.
tho sel,einu il 4, tender his currency RI
Iess value l'ian i i has Il, roLh.ae
it'll it. le4al isn'rr feature. hut II,
sie secretary tt lus own story:
1T IL ohslal.s tat there emu liz no
resumption b. lie government, ~ I'm.
~ the volume Il raper currency il
largely ~ eaeess "A the r,,soll,ic aa.ouni
u coin asnilsa,l, fr that purpose
which nay cplnu ,utu tho treasury III
snv YEAR aud while ~ provision y made
tsr tht conversion 4 TIL. larrr m,as,
into anything having nrat.r s.lni,an
Z" s..,,,: nor Il il possible iar tie hanks
~ the people /, resume i, Ing q the
h,rgr amount II ,rrcl.sn, Ill. l,a;ac,
m0W In circulation e,,ufian u t. lis liz
Law legal tender i,r ii. private delft.
with rcirrei,ss lp.ih II ID. -, AL the
future. While this !, ,,e ~ thinls .asts
gold will continue q hnw from III, and
Ind employment where tic natural i W.
of frnr~. nn,i sirnc,.a hr rrsts,iaiuC
legislation. h,ase it, ',a,s, IL. i,.u,spr,,.
siblc.
Thr secretary. 'herrf.ie f4rnmmrn,ls
congress u pr wide ~ II. TINT ni,sr
N early and fixed "a. ,ii.,l States
mites shall ccas. {, be leyl tea.ies ~
y contracts thereafter made.
\ ~ adMinst. alton sheme Nus Ia sup, "
specie, dollar fpr dollar for tie green.
barks. II would work 10 harm. if il
could DO ~ witiloa, selling lnlds for
thst purpose. thereby increasing III.
interest beating indebtedness Il tie
country. lns,eal + providing fov The
iutcrct ,nvet,,',.ity II bonds and green.
baakr this .e.rnu u repeating TN legnl
tender clause # tie acl an,luririnu thu
isaue u greo"laels simply proposes Il
compel the hnl.lou Ut iicsc notes Il
fund thoM IN lpi.lr, II, issd rate .f
interest. with from ten 81 twcnt, .car.
- run. tho government hy that means
gsttsMg ~ eA.en. /. - it, inlcb,sslne4,
without providing ,ne ,'p.,ar &c Tic
grscnLack re'le'nlti u. sar Wien u nle.
shsro would 10 nome I. redeem. To 4.
tAts doss nos ~ .ni'e dollar IL specie.
nor does tho scheme contemplate fur.
slshtng i. 4 more gigantic scheme 10
roh and plumber : people was never
proposed and this N nana nf tin