The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1875-12-31

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The f.llc~inr easssei from Tesrl,
N The Hon asmes n, Heck. n Ken.
.sety, In The lleass u Representatives,
April sth. 1874, b : candid and fai,
statement sf .hs financial ir.as;...
| Il confess, Mr. speaker tLa, | hav,
% sympathy. and vsry little p.
isnce. With gentlemen Who nv sssk
o return 70 . gold hasia Their .hec
ries may BE- al right. and II Tho qucs.
.ion Vas an original one, whether y,
ought 10 adopt and maintain : gold q,
paper currency, being In condition Il
DO either ~islos. injury = our PEOPLE,
would contend for the basis adopted
By the commercial nations Of the world;
but all men know that W arc not In
that condition. A great debt was con-
tractsd during the war, Legislation
wrs h.i sadsr Republican ausrices
which aood.d thu country with parcr
money, converted gold into an article
Of merchandise. and drove IL not only
from tho currency. bus out Of tho
country. Our imports now exceed our
sxposts largely, % that no gold can
b obtained from The sales u our sur. |
plus products 10 foreign nations. None
but the bondholder can now obtain 4
gold dollar Tor any debt Or demand,
bubble Or private. while the Govern.
nent ID pouring gold into the laps Of
In tho shape Of intsrcs.
IN their bonds and in the payment of
principal, to the whole amount Of tho
lustom duties. which have for I've
Jsars averaged over 300, 600, 900 81
yeas.
"Whsn those u W who think that
he currency Of the people should b
'asta insd snd made valuable BY put.
ing Il to more extended uses proposed |,
0 pay ono-half " onc.third IT the
ustom duties In lsgal.tendsr notes, !.
very bondholdsr and monorolis. !,
aised the cry Of bad faith. aud clam
rcd tina. al u tho custom dutica were !,
orcycr pledged 10 them. and while !.
hey could not honestly absorb them, !.
hoy played the role q tho dog In tho !,
hanger. and would not allow shs poo
10 10 have shs benefit eyea Of wha, :
hey could not usc. Nov they elamor ,
Or return TO specie payments, bs- |;
'auss they know that nobody but !
themselves either has Or can possibly ,
,h.ain gold, while they have aud will !
continue 70 obtain Ill that tho Govern. ,
nsnt cosrcss from tho sax-pay crs. Hav.
Nc obtained monopoly Of the gold |,
md the bonds, and having. BY out
'agssua legislation, which. By coar.
constituted Tor the purpose, has been
declared constitutional, deprived tho
people of gold, and nos only forced
lhsm 10 take grssnbseks FOR debts
contracted 70 10 paid In gold. bu,
eaussd the Government 70 rspuiialc
10 legal tender notss BY rsfssing 10
rscsivs Thorn for customs duties. aud
70 appropriate I'll The gold Il can Oh
tain 70 pay their own interest on their
bonds. nov they have tho assurance 70
declare their own lsgalissd offspring !
bastard. ~ pretending that The Con-
stitasion contains provisions which IN
time Of war they have right TO con.
strvo one way, aud IN time VI peace
must DO construed Ia another. Each
however II intcsdsd 10
opprsss The massss; In short. every Ar-
pliancs il urged, and every device ~
sorted tn. which these monorolists
think will enrich them ~ tho expense
Of the people. They know thst every
turn " thu contracting screw II dsprs-
oiating thu value IL tho property VI
tho debtor clssscs and adding 10 The
powor q their gid. II they
succeed, they will reduce 10 lsggnry
md vassalage oil those who were indu.
I'D Or compelled by the legislation q
IN years ngo 70 buy property II such
,riccs 10 they could. with what thoss
'aboLa now osll worthless greonbackA
Paper noney was good enough Tor
no gold sbriekers when il would buy |
'nitsd States bonds u par; Il ensDled
hsm % TAKE arst mortgage N IN
10 property Of the souulsy for ovsr I
y. OOO. 900. 600 which they ars now
psting y forssloss long before Il d
ue. because they see The opportunity 10 G
xtort mors nov from tho toiling mil
ons than they will probably be sbIsl