The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1874-06-05

pesa followed and enacr.cl ~ western
pApess conducted by mea cduratea III
~ isleaa Of the cast. anl who have nn,
yss so,nprchcsslcd tho want. and no.
eenlales u thc home cf their adoption,
keep - . fssociour howl about tho
evils VI : "rsduudAn. currency, Their
theory b base' solely on ,hc sssaml.
Won thss whcnsvcr gcll !. Ut prcmi.
nm Il b caused by Nh excess ~ cur
ssasy. A very simple s,ntencn, viii
dsmoaalsaso the fallacy VI assuming tho
premium ~ gold ~ tho measure IL DO
probation ~ the crrrenry.
l.ss The hanks md tho T'rsavurcy
not III dollar IN gold, bu, continue
10 accumulate IL; thus withheld from
~ marko. tho premium would advance
= shs gold should 70 from The markc,
y ths Treasury vaults. Acco,,liugl, M
NE ssdsmpsion reservoir should al, tho
depreciation would increase making II
appear than the currency had derreci.
ated knmcnsly Within Increased supply
u eold fos redemption. that II
fur hundred millions ofgrecnLack. viii
Any Milllons u psld far.,Ieir redemption
q Ton psv con. premium, Ii lcss ,cpra-
citation that the Hame amount In green.
hackA with four hundred millions uf
geld Tor THAR redemption, u. f.,t, rcr
cent premium. pocs not thu error
slAad fully sxtosc, 7
A. lhe wcsl views tho question u
ssrsney u M. rulnnlan, " long m
Il , probably ased IN productive IN
duslsIss.
Any observing peraon finds the Eas.
Wese and South filled with producers
who earn their bread aud add III thu
eeplssl of The country BY labor. They
msks somMoa uAuse will, their brc,hcrn
I'll over The country IL tho interest u
Ne great oauso of .rus PROFILE
aGalnss shs ''money Rings" that spiso
thsIs earnings with rc,ue.selpm clutch
With them Il needs 10 intricate rcasan.
lag,os elaborate presentation ols,a,i4tics
- provo that tho currone, " a country
enters deeply Into all tho problems II
~ social domestic anl commercial
I'VE. They know that IN abundance
= currency compromises ahnaiantly
fos unosauIns lal,or, TIM. ''hnrl money
b only another nane ior ''hnnl ,in.rs"
lhal with these lnhor II thrown nut II
employment; wages reduced below tho
sass VI Subsistence. ra,,Ie1lsm i,Iereunes
svsry species VI property a.rrrcinic.
y he injury u productive industries.
md 70 tho sole advancement, II msolly
sad hoss.lsd ca,ital thu. f,t.e,s md
0lla 10 soRes Mup, ,endlly N ,ilu. of
pshlis distress and financial eumrass.
nsnt When money !. plenty tho
people ara prosperous, whrn il. scarcity |
tends towards IN absorption BY hank.
On and other pu,rl, sollsh firms Of
capital they have fought hand -
hand With psnury.
These eastern capitalists ID mt srom
y comprehend tina, tho epuutr, noe'lu
more monsy than before lhe war, n.
though IL population aud Laiuess
lson he Development Msrcaier indus.
tnes hss largely increased. In nd.
dislon 70 thess demands there II 4 par.
aassas claim infallnbly esnctea ~ tho
Sbsu u Federal taxes fnr sunc four hun.
- millions annually. anil fur state.
ssssty md municipal taxation same
oAsss hua1vsd millions mnr. Then
lAsss ~ my millions u hank reserve
wAish With ths sums required fer tax
A1lsa sbaovbs every dollar ~ ,p rnr.
vsesy provided by law Tin product.
W. iadssirIas II thu country, TINT create
Dvosy dollar II ia wealth vi. lrtt to
- - sssh suslsnance ~ ,Ie, ean
Doeala lbon these sasera. lepslas on
~ sSssesy. bsfore tho war 'l,e whole
|esallss u ihs country feIl short u one
laa1ssa md MY millions annually or
- shaM oss half the currency; INV
|hs tasss exceed ihc Whole volume of
,usTeuey.