The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1876-06-30
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sleaa.ats e. san4assties ard iadisiduals
have AMI ~ SUSTAINED h, money Ard
II The constitution e,elaa.s fssm con.
escss The right 10 create money then
" 6nd ourselves fenittsi nj times, ~
In ikU2 Ia that authority that super
esdsa cens,ii atioee,- - dire Lsctxity-
To secure the breath III financial being
Surrrss that under TIA dec,sivn "
The Supreme t'eurs. RI o. = law ~ CON.
rrcss specie payment u 6sed h, the
repeal IT the Legal Tender act, and
III the indebtedness VI hi. c,unir,
public and private II made payable IN
spscis On demand. whom due. and tho
foreigner should demand specie ~ his
debt, where viii ~ ret Il ! The whole
would then be payable 10 gold, snd
not Is pay II Ill, would leave n great
stain of dithenor ~ 10 pay nons. In
fact Il would be w~orse--it would b.
adding falrehool, BY pretending
readiness 10 pay, knowing II was i'm.
pessihle. There has been TO time In
osr history that ws arc aware Of that
% far ~ the foreigner h concerned.
~ have not paid specie upon every
Just and legal demand when aue.
The actual working Of the legal
tender b wholly bsnidcsns; m y
can show from II, any disadvantage 70
any American interest. Tho only ~
portnnity In u currency for evil, u
tho pollution " II by national bank
notes Substitute Cor them the green
backs Or legal tenders. regulating the
volume b. making them i%ntcrconvert.
ible with honds bearing = low rate &c
interest, and then let thu boldcst Of
tho bond holding fraternity step TO tho
front. anil .,,.w how No could have
any other currency comparable 70 the
legal tender in its excellence. in our
prsssn, condition, and he would be tho
resi- Moscs tho country II locking for.
With i volume of legal tenders - o.
tatlishol. .hxol and guarded there
would always BIZ the means II COIN.
mand for none, Ia meet all the legiti.
msta demanla # industry and rom.
msrcc bet wsen tia states and tho peo.
pie, which can never be tho case with
! currency ut which all the world il
tugging. With m Inadequate supply
for ANY single people, and upon which
ths foreigner has : batter and Mnrc
valid claim than ourselves, aud which
for those reasois varies In volume In
css.antly. Every civilized country
uses bullion exclusively In liz foreign
transactions; no civilized people any
whore uses bullion ~ il domestic cur
7sncy. Paper II inevitably tho cur
1ency VI 4 largely debtor people; tho
real sonlss, Ii whether II shall DO H.
sued by the government. o. by indi-
yiduala. aud corporations Of individu.
sls.
An increase Of money has always
muscd an increased production. aud =
.asArth Of money has ever paral, scd
every country where Il sxists. Az the
volume Of gold aoin In the world de-
creased, civilization sank into tho dark
Ages; N ito volume increased. light
civilization and production increased
NitLou. i legal enactment 70 that O.
feet In every country, gold aud silver
would 10 money 10 more than any other
commodity. M money II !. m much the
creature of Law ~ arc lcgal tenders
Al m.sos, gall aad silver have no -.
tr,nsic value, thu government tiAcs The
standard u their incncss. thu alloy 81
the haser metals. their weight aud
value, 4 different weight, standard d
1Rncnrss and value, prevailing In each
Aci arats government.
Coin commands = premium in thi,
country lpl two reasons, lrst. because
the foreigner ownk and wants every
dollar Of II In our country; and SECOND
bccaus D The government. while IN fact
receiving legal tcnders In all its home
transactions. In law rejects them from
it, revenues. demanding coin instead
Settle The claim III tho foreigner. or
1cn,ny. the unw,sc discrimination tho
government hAr enacted against tie
money u it, own creation, aud our
legal luEdcr currency for NIL govern.
mcnt purposes !. Il par. ~ u y ~ all
domestic lra .isact IONS II thc people.
..rhs foreign capitalist has no right y
4 snplain of the legal tcndcrs. 90 ns
/, ,iussice hrs been dose him, md mono
II contemplated; no citizen har . right
q. complain. for no injustice has been
a, no him No ror.on has attempted
- show tho possibility Of spcrir pay
N cnts in business transactions, nor q
> py other currency that can compare
with tbs legal tender currency.
An attempt NJ specie payments
might benefit tho foreigner, " con-
traction. from ths crushing aud Grip.
ping u business lsen. aud tho pros
trstion Vi Il industries would profit