The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1875-10-08
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False Teachers.

talse IrNehrrs.
The address. IL Mr. Pratt at Lyric
Hall las, Friday evening VAS lacking
In that degree &c canlor anl homes,
purpose of statement due 10 the people
from their public servants II is a
mistake of too much magnitude 10 al
low 10 pass unno,icci. whcn for poli,.
ical purposes only, great truths in 20.
li.ical economy are misstatci or per
verted. This subject with MI IL train
* consequences will DO ~ full II .ru,l,
and merit after the 18th day " Or,o-
Der o. before, and will continue 10 a..
trac, mere and morc II public attention
until IL IL Gnally settled, and settled III
tho interest vf the great mass. TINT
represent the labor and industry Of the
country. instead Of tho few who spccu-
lu,e upon, aud thrive from their toll,
Tho wide spread depression In bust.
uoss; the thousands Of poor mcn aud
women Ii In our cities aud towns OH,
u employment; business interests
everywhere paralyxsd; the lumbcr,nan
and tho merchant making - profit;
tho white winged ships Of commerce
that should bring tho burdens II wealth
70 our shores, carrying away our own
productions In exchange, lie ro,ting !,
our wharses; the we'll filled granaries
d the west tho thrifty dairymon Of the
cas-. with their ample productions nil
unite In demanding tho cause Of this
universal depression in business We
rcgro. TIM, Mr. Pratt give the s,crco.
typed reason VI the hullionis, aud the
bond holder, Tower PRODUCTION
WHAT IL PRODUCTION Il il lilo
process that creates wealth. Political
economy and yuur own experience
teaches TINT wlon You produce lcss
than ynu consume TINT you aru on the
highway 10 the roor house. Blu, II
you produce more wheat corn, rprk,
beef. butter, clccse, ur other eu,n,nod.
isy Of general utility and use to man
than supplies your own needs tho sur.
plus Is 10 much added to the wealth or
tho country. This fact II ~ we'll found.
81 IN truth and 70 strongly fortified IL
your own experience a. 10 nccd no al.
gu'ncnt 70 mike Il stronger. The cause
" this depression, On tho contrary.
ariAcs from combination III facts and
their results.
First q majority u Congress arc hui.
lionrts and bond holders. : men who
have attained wealth md power by
money lending nj enormous rates IL IN.
tersst, aud who hive csercired their
powcr to aggrAndixe aud enrich tLcm.
selves as tho expense Of the people.
Second, these men know that con-
traction d thu currency would make Il,
scarce and would give them mud their
friends higher rates u interest, and i
heavy premium on Thur b-.O Londr
aud that these thing. would 10 reduce
tho valnc u thu products d labor tha,
its accrotion Would enhance the inter.
ssts u capital instead II labor,
Third. they know that tho surplus
products u the laborihg classes un.
moriga god I. capital increases ,hoi,
wealth only about three per cent,
whilo bondholdcrs and brokers ars roll.
ing In wealth aud revealing In opnlcnce
and aplcndor, absorbing tho increase
~ labor IN cxae,ing mud obtaining
from Il. ton 10 twenty-five per cen,.
upon every dollar they loan. Aud
finally tho vicious legislation u IN,
country has made Federal Office hold,
ING and money lending tho only profit
able occupations In the United states.
No, no Mr.. Pratt. you are III srror
and should take the earliest orpor.un.