The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1875-08-13

"a wsRshS.
u Wnshs vs~sty.
nsoess nsse1, What b ~
when ~ esld ffem the newly de
covered gid aslds u 0alifossis aMd
Assssslia bsssa 10 rosr 10 ecoa lsto
Essocs. ne capitalists and aoney lend.
ess. thms having assd incomss. con.
nsassd eslcals.ine III effects, and ".
pvsssiv~ Il their conclunons through
pamphlets aud tbs public pres ran's
articles upon ananos and currency,
warning psople u The threatened dang.
= issa ne spprshsndsd expansion q
che circulating medium d The werld,
and she scnssqusn. reduction Of 10
pssehasiag vslae; In other wofds The
higher prices IL stimulus would give
70 labor asd 10 products. u one d
These panphless bearing dass N 1857
oesurs shis wonderful ststsnest and
esoslusion:
"Thoss Who ass 10 debt. o. think
thsssslvss likely 70 have % borrow
ooasy, - asailsss sdvsatags u
. seals 81 Affairs which promises 20
alleviate The burden Of their tfsssnt
and future membranes. The trad.
ing elassss IN addition ~ their share Of
thsss sdvantsgcs. expect . great o.
tension d trade -all sxpsct > rsdsc-
ton Of taxation. and sxelsim against
any inserisrsnce With natural event
which ohsrs these advantage. for the
sske on few capitalists. Il seems
hopeless 70 meet such On array u opPo.
nsnla by srgam.nts on tho abstract
propsmty Of maint aiming ; steady cur
rsWcy. Yet Il Il very much 70 b wish
"a that they should b. met % this
ground"
An evidence VI the remarkably "ssn-
sitivs nature u capital" and II lack
81 sympathy II IL possssors With those
whose occupation b iss projection.
The protests u the capitalists Of that
dsy against The increase In gold VA
coached In almost the precise terms u
shoss who to-day appsshsnd such sri.
90 evils from legal tenders" and 70
prevent wAieA. demand their snnihila.
tioa By saas,msns u congress. Instead
u . Grant Or . Brislow 10 Do lhs bid.
ding " ths capitalists u England tn
Chancellor Of in sxchsqusr u The time d
10 in6ux ssood unmovsd By tho ~
peals Of tho monied men who surround
"a hin. and ~ The result II bic oPpo'
s.iou 70 their plans. boldly pat thssa
words Into bi. financial statement:
The discovery u gold hsa establish
- credit IN this country In : manner which
= DedlIeal economist could ever have IN
aginsd; that Il has increased aud con
1rmed credit. and immensely Increased
The employment u the people"
Rssslsa that every observing indi
vidsal remembers 10 hare fvllowsd
who's ths grssabsck circulation u thl
soussry ~ - ~ lsrgsst yolsns. An
sshss. and sqsslly - iMrcrtans feet
\ thae % nan owsisg gseenbscks b,
ever loss d.llar through hank failures
and ~ aaothss fast there hss bssu
- soney panic sines their issss. shs'
thsy would not sllsy. nor hes thsrs
bssa ) cas- d BANKRUPTCY that svssa'
backs veuld not have prevented ever
that u Duncan. Sherman 4 Co.
hut lss ~ glance u this 'honsst mon
~" question > moment, aud zoe jas
what sofl u = miracle ils advocates
msst perform The currency In ci,cu
l4tion In the United States exceed
e7OO. ON. 400, the specie for 10 70
dcmptioa |. no more than el0N. 100,
UOO, about ono seventh u The sas
needed
Fsom 1868 70 ls73 the government
imported ei6O. 100. 402 in Gid IN,
silver. sd daring The same psst . ~
ported eos6. 10. ~. The exports u
sssdiae he iwposss et:s,642,7l5
~ psiss oesold Il regulated - b thu
= every Other article u 'asruhsadisc
ssrply and demand. IN this oosntr,
Il i needed l1r only two purposes. IN
sessss o. shs puhlio debt and 70 p.
import dsaies. me latter shosld b
paid IN currency, thss ,s,soving one .
ihe diAssisinalioas unnecessarily mad
lshvos u gold. Every dollar u ~
esss collected - iap"rss h rsqsirsd !
dsftsy ~ ssrsst Expenses d ~ gov
esrmsss. not oas cent n which -
- 10 gald. n idea that the psie
= ssll = regulated by ths anssat =