Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1874-05-28

Inc features IN yno new noenCl&l
measure pending, ofmaking tho banks
keep their reserves at home, and also
making them keep part OF this re-
serve in gold by setting apart each year
a portion of their annual coin interest,
received ON their bonds, are wise
measures, and should never bs COM
promised away above AL they should
DO retained. The features to compro-
misc upon, are - to the per cent OF
greenbacks to be retired ~ more bank
notes are issued, and this may 90 ~
low as 25 per cent, or as high - so
per cent without serious effects. We
should incline towards the greater
per cent. Again limit may be placed
on the amount of currency to be is-
sued without retirement. Then We
would not have any time set for re-
sumption, for the, simple reason
that We see no good that
It can do, but harm, by keep
ing the people ina fervent state Of ex-
element as 1t approaches. and further
no man can tell what the necessities of
the situation may be one, two or four
years hence. We want and urge upon
Congress to perfect compromise Of
the different views entertained, but we
hope this may be done without any
change in the feature of keeping re-
serves at home in the vaults of the
banks and a boarding Of gold by banks
and the government preparatory TO
specie resumption.
Master T. r. Allen Of the Missouri
State Grange wants no patron to deal
in railroad stock or bank stock. He
says: IS i "a sas n
"We want NO such entansling allan
ces. Men engaged In such enterprises
are not eligible to membership ID our
order, and II, after becoming members,
they choose to engage In them, they
ought to seek = dissolution Of the con-
connection with us, % these schemes
are clearly in conflict with our purpo.
see; and If they have mot tho manli-
ness to do this, we muet have the
courage to show them Our gatee.-
There 10 as much affinity between oil
and wator rs between Patrons OF Hus-
bandry and railroad and hank mOn0p-
olies. They will not mix, In the very
nature OF things-no cOngeniality be-
tween them whatever; and the sooner
we recognize that fact, the better for
us. We have no compromise to ofFer
them. We demand justice, and intend
to have it,
Mr.. Allen Ia specially prominent
throughout the whole country, among
Changers, and has long bean the lead
cr Of the order In Missouri. We do
not know the man except BY reputa-
tion, but we are extremely sorry to
have him announce such sentiments q
the above. Our judgment forces us
to the conclusion that he 10 either wo-
fully Ignorant Of what is best for tho
general welfare, or he II . dsmagogue
dangerous to the public veal. We
confess our estimate Of The language
above leads us strongly to think hs =
. domagogue. 4
Arc not railroads Of incalculAble
benefit to the countryf Ara not banks
necessary to the best interests Of any
community? Who win answer mega
lively either Of those interogAtions9
Aast the farmers then stand back, de-
clare these instituticAs monopolies,
and fight them outside Of them, Or II
II not better that they take hold of
them, learn Of thsm By expsrisnce and
90 have influence 70 correct thsm whom
wrong or oppressive. We candidly
must say that We advise Grangsrs 70
watch any man like Mr.. Allen who
gives the advice he does. We believe
he is . greater danger to them than
tho banks he rails at.
1t is claimed that there 10 NO clsss ~
tion.in the Grange, that clesses ase not
arrayed against each othar. We
shOpld be glad to zee tho position Of
Mr., Allsn 20 explained q % 1Hako n
consistent with tAe claim Of ! want 81
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