The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1876-01-21
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.tlAsinx sivsn " shs ksetesAfstl
sAss : hearty sarposs Throughout.
" ere thai saairAily different plan
nay ssns bAss - lAif trial nsi.ss
- sesd asoahes bend abroad 10 -
Aa~ked from hsnh ing. hoss~ 10 ksnk.
iMe-heaes throughout ksfuts, - ~
~ GesesnMsat u tsy--just sarnes'l,
wy--ss fuad ths bslk u osr Deb, ..
hs.ss, We could nes hase cold our
honda As,ias shs datk hears y our
Civil War 70 Europe, . any price, NJ
matter huw rMinass N Ne bad not
IRA sAswa our faith In then by taking
hual, edo " millivas II thsm ourselves
~ nos. having sssn how reluctantly
tAsy take OR -. issues ~ I've per sest
With discount. lss ~ show them that
- stand ready - TAKE ths larger
aavunt =. lower rate a. interest," -
par. Here 10 ths giss q oar Propo-
oition:
L.. Congress mako 0rssnhasks
fuudabls q the pleasure u The holder
il bcads o. &iO0. $1,000. and eio.-
900. drawing interest At The rate oi
one cant PER day on each eiO0 Cor
SB6-lOO per Annun) and s1shangs-
able into GrssaLscks 81 Tho pleasure
Of she holder. Now authorize the
Treasury 10 purchase and sxtinguish
our outstanding bonds % fast . Il !.
Supplied With the n,sans Of ~ doing ~
receipts fcr customs " otherwise; and
20 ieaus ncv gvssnhscks wh%nev..
larger amoanss shall b rsquircd--ev
sry one being fnndAlls In sus,s 81
1iO0. u 900, Or iO.OOO, - afors.
said, a. the pleasure " che holder. In
bonds drawing m annsal interest oi
3,05-l00 In coin per annum. and There
bonds sxchangsabls into grssnnaekl
whenever holder shsll desire II.
The benefits VI this syssem would
10 these:
II. Our grssnbacks. which ars
new virtual tsiashoods, would b
Syuths. The Government would pa,
them On demand in bonds aforesaid
sh;,,h Il IN substantial acsordsnce viii
lie ,,lan on which the Oresnbackl
we're GiSt authorized.
III Every person having 0rssn
backs for eieh h. had 10 present nest
would present shsm q Some tub
Treasury and o. shasss tLsn q %,
for these bonds. SSpPoss h. has DO.
OOO which No expects to No. month
hence; BE- can mike them earn hia
$50 ,nssnsims, without incurring the
Smallest dasger Of loss By bank hilsrs
o. otherwise. and with positive esr.
tsisty that The money would b ready
fsr him Whenever b chose 10 take Il.
I'LL. A merchant leaves New
York with 81. 900. 900 which 10 pro.
posss 70 invest IL wheat u She Nss,
o. Ia cotton q The South. lie salll
~ the Sub 1rsasssy, exchanges hil
xrssnbaoks for shsss bonds, and tsks.
= sends them 20 ChIsaeo, ~. Paul,
New Orleans, OF Galveston, to b *.
chs ussd for uss when needed. After
look W about for . month no huyi
hAN u shs produce b originally H.
tended, converts hall Of bio bonds into
eresubasks, receives $50 per day. o.
l,6OO In all, - interest,", md naksl
M pavmsn.s After travelling and
looking Tor another month 10 invest.
the remainder Of bis oapitsl. receive,
Is. 900 g interest shsrson for The Two
months 10 Aas hsld ths LIST bali mil
lion u bonds. and lays biz course homo
ward. liz boads msy hare Ism nsar
II al he time no owned then IN th'
vaults Of scms bank; but they wsr'
earning money. uos tsr shs bank Du
iss him.
nv. Our grssnbasks. no longer
lales but convertible y pleasure int
bends bearing moderate gold ipssr
-. snd sxehaagssbls - aforesaid
sosld aos fail . aplreeiass sssadiI,
sall they nsarly reached ths level i
gold. JUDGED. they would, unless II
sued go profussly. b. really Lsttsl
than gold. Drawing higher rats o
interest shan British cons"Is. and CON
vsrtlble ~ plssaute, q those avs not
th~y would Iii time obtain currency
even In the Old Mo,ld
~. Tho trouble 70 invettratsl,
borrowed By thuusan with rcsrecs 4
.ovor-ioevos, redundant currency,
ETC., would Cor u least should b.
hereby dlspsIiea. Il there we're q
any tins ~ excess Of currency i would
ssnd % pr.sipisass itSslfinto .hs Lu,dl
aforesaid. II there should over 10 i
scarcity " currency. bords would b,
exchanged ~ thu Treasury fpr Grsvn'
lacks M ,hs want va full, supplied
Hack Fridays. and tho locking up u
gsssnbasks. would soon u numbered
with lost arts and b"bgoblin tcrrors.