The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1874-08-21

rulea Or tho sword and tho Purse.

The means used for thc accomplish
nsnt of particular results arc always
profitable topics d thonshs and ssady,
The incsasAns havring u shs eastern
pFso IN The interest 1t the bondhold-
Ing aristscracy, demands also TINT some
facts that have now passed. into history
b. held up to tho broad glare II midday
eun II Ne fAil 10 let . little light
shine II upon this topic and the modus
opsrsndi BY which the pressnt Exscu.
tive ccmhIncd the swo,d and tho rurac
Of tho republic in his interests. II shall
not Be- because W have made no effort
ID that direction,
Mono attempt N gainsay tho state
mon. now that Grant MAS elected by
Tho joint ssnragcs and influence of 40
srst military societies nrsl bondholdcvs.
and that TO compensate ahsm CIR this
support he distributed his best otiscs
,nsae hin military supporters. and for tho
bondholdoru procured the passage q
ths congressional act u lsU0 making
I'll the 6ve-twcnty bonds payable
ysiAsipal snd interest in gold" although
tho law Of 1909 m we'll y tbs addition.
81 acts II ls63 and 1904 providing far
their issus, declared thu, tho principal
Was payable At tho pleasure q the gov.
eminent 1t any timc after I've year,
.h Ne lawful money Of the United
Dtatse" Grcsnbncka wcro aud ars
vi tho lawful money u the United
States. and without doubt will b.
when tho period for their redemption
according 70 their own terms shall sr-
rive or Whenever Il will 10 deemed
advisable 10 pay them.
II The bondholdcra' influence In CON
gssaA with the presidents AID and CON
currsucs had not pasAad tho act d
20 making the ase.swsn.iss payable II
gold, tho old CONTRACT would have still
Stood that the bonds should BE- paid
..in Tho lawful money of.he unitod
States and the people would have
been saved the additional burden I'M
posed BY chs congressional fraud d
1900 making thcse honds payable no,
. agreed upon IN tho sets providing
lof their Issue, but In gold, which VA
never contemplated By the congrssa
that authorized them Of by the people
Who bosght shsm for grsenbaets and
expected 70 hare thcm redeemed IN the
sams lawful money u the United
Hlatss." This ID tho mode By which
tbs sword and tho purse Of tho nation
ars identified with and chained 10 the
fortunes Of Grant whether Il ID develop
Cd In asking Tor thrpe, Or morc terms
VI the presidency. lie has made bin
generals plcnipc,cnsiarics. hia colonies
eonsulA aub-sreasurers aud marshals.
and BY picoc u Congressional and
Exscutivs chisansry In the interest II
NE banks and bvndholdcrs and in vio-
lalion Of : solemn contract. agreed u
pay ths public debt IN gold when tho
aets under whlch every dollar &c h was
ineurred declared II should bc liquid
stod in the lawful Money ~ the Init
Cd ,6tatos" II grccnbaeks were
GOOD enough 10 pay The soldiers for
thslr sorvicss during tho war they arc
GOOD enough - pay Grant for hia
services - president and good enough
y rsy those who put up their gold AZ
two-sighty y back The government II q
dire extremity. And ,hk II not 70
pu1iatlon nor In In inicrost. The -
pudiation has nj been on tho ,ilo
u The bcndholdcr whsn ho pro.
cured tho contract d he changed FROM
"ths lawful inpnes of.hc United State,
o. gold /"
~.