Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1874-05-21

the 4A,OOO,OOO reserve, 100000 600, and
loan it to the New York City banks or
utter ruin would befall them and the
whole country financially. President
Grant said in his annual message to
Congress on the first Monday of De-
cember last in giving his advice to
that body that he hoped "the best |
method would be arrived at to secure
such an elasticity of the currency as |
would keep all the industries of the |
country employed and prevent such an
imitation as would put off indefinitely
resumption"
Harper Bros. in their appeal to the
President for the twenty millions said
"The idea that day should be fixed
ON which the government would re-
deem its paper in coin has been aban-
doned, together with the old fallacy
that resumption can be accomplished
by Congressional legislation. If ace
eccr do resume, ace shall do so arith0ut
knoscing schen ace dad so Or hoac tce did
so.'
General Grant did aid the banks and
the country last fall, and he did right,
and when he said to Congress in the
way of advice that they should keep
the industries of the country employ.
ed but not at the expense of final re-
sumption, or rather not defer it inaefi-
nitely, he expected that Congress
would proceed to increase the volume
of the circulating medium by provi.
ding more currency. He could not
haze expected anything else, and he adj
vised it by plain implication.
Now in view of what Harper Bros.
said in their extremity, and what the
President IN his last annual message
said, and what all the fierce contrac-
tionists acceded to then in common
with everybody else, whose garments
are tainted with the charge of repudi-
alton if such charge can in any sense
of fairness or candor be made? We
have no patience with this fling made
| against the advocates of more curren-
cy, and those who make it are them
selves reckless of honesty. In nine
years the circulating medium of this
country has been reduced by the sum
of one thousand million of dollars
During that nine years the country
has been spanned from ocean to ocean
with an iron band and the wealth of
Asia seeks an outlet over this iron path
way; States have been admitted into
the on,territories developed which
stand asking for admission; in short
untold advancement in commerce has
been made; the west has applied for
authority for years to establish banks
and been refused. Is it any wonder,
therefore that large majority of the
great west believe that they want more
currency? We think not. We be-
licve with Harper Bros. in November
last that day should not be fixed up
on for redemption. Ii we are rcpudi-
ationists now they were then. We
, lievc that the industries of the coun-
. try should be kept employed without
however such an imitation as shall in
definitely postpone resumption, as the
President did in December last, and
if we are repudiationists now, the
President was then.
The Hon. j. r. Dodge, Statistician
: of the Agricultural Department at
II Washington holds the following
| language in regard to Iowa which has
J much of truth in it.:
"Vigorous and ambitious, too young
, for dependency, Iowa is in a spasm OF
indignation against monopoly and an
!, excess of middlemen, and yet, in trade
and transportation she has but eight
!. per cent, or little more than halt the
proportion of the Middle States She
may have too many and too greedy
gO-betweens, and she needs justice in
the transportation of her products but
, these evils remcdied, the burden Of
, her trouble will still remain. The
! great difficulty is, her corps of indus
: try has sixty-one per cent. of farmers
instead of twenty-five. Double-track
railroads, canals vexed with steam
propellors, Grange associations, free
| trade, and every other fancied boon
obtained, she will still remain in COM
parative poverty and positive discon-
tent, while she continues to have less
; than fourteen per cent. of her people
engaged in manufacturing and mechan.
zeal industry. History does not point
to permanently prosperous people
having such preponderance of popu-
lation in agricultural pursuits"
I This view of Mr.. Dodge is one
entertained by very many citizens of
Iowa, and the remedy is what we
want. The remedy can only be found
by an enlightenment of the general
public, and earnest determined action
on the part of our people to have
skilled laborers come among US to
start manufacturing. These skilled
laborers can be brought among US only
by inducements of aid held out to
them by our people, and the trouble
Il 0OVNs uVAAf AuAo 40, Su0S WAAAC VIC nave
many enterprising liberal people
among us who would be willing to
extend tleir aid to the extent of their
ability, there is large part of our
people who, influenced by selfishness,
or failure to comprehend the subject,
refuse to do anything.
Mrs. Jeanette Anderson is living
with her third husband, General An
derson, who is receiving a salary of
| $500 as Collector of United States
revenues. Her two former husbands
Joseph Giraud and Thomas C. Shep-
herd are still living from whom she
was divorced. From these two divor-
ced husbands she is receiving alimony
paid in installments according to the
decree Of court. Shepherd made APP
plication before Judge Daniels in New
| York to be relieved from paying fur
Il 81