The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1877-09-14

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Aass smith. sell N Il, mass have
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un.fvd y, fltss pet rvns. aai f.~
Are rel.l finally the remainder nr~
elnsea ~, 4, twenty nv per cent ~
The original ros, With this amcnn,
The borrowers arr not able ~ liquid
al. she entire debt and they must
sae,inse athef property. OF ~ Into
bankruptcy. While the village ~ A,
WAS growing. mechanics rame.
bought land. built houscs. AMI -.
.nhilsh hanirs Th.s are now out ~
einrlns and innss remove. hut prop.
cfis II nlinust worthless, and they
ennno, ALL. Finally Mr.. Smith ha.
called In All hut two hundred thons.
uni dollars. and liz ilnds |, ,litllrnls
III pct ,nrn tn borrow that "Ah.'
h. says ~ nrirhhnr Jones, II told yun
there wns too much money In this
rlnre. TIM scarcely loan two hun.
,lrcl thousand. what would you IA
With ii mtlliony This reckless Dor.
rowing and extravaganza, ! knew
would lcnA 10 ruin. Men should b.
more cautious. but ! am thankful
things ure down 70 the bottom now
| Jones Ii Il man Of sense and h. rc
rlies. "Slaith. there IL no bottom 4
thu sal,.e Of property Till you reaei
zero The value depends upon IL.
mand. You refused 10 let the pro
prletor OF the factory continue nj
he could pay out. Ia other word
enrn II, and he innst sell, and II cv
cry on. wants 10 scll there Ia no Dc
mnnd. YOU nr. tho cause Of tn
s,agnntinn In business, M the decline
III property, 81 tho bankruptcy ~ -
t~rrrlac and the starvation of thu In
horrr. The parable between Smitl
and the United States Ii exact. TIL
, government pushed ont 4 lnrR'
amount 81 money. In fnrt comprllc.
the people ~ take II. A. Is. q invest
al In factories, stores. farms, 81
Every dollar represented some one
debt.
Just ~ tho war closed and III
young men had fuirly settled dowi
10 business, investing their earning
In tlc army, nnd borrowing some Il
add 10 II, the cry was raised thu
there WAs too much money: wo mus
get tlnwn IN the worlds coin. Tn,
yonn. men and old men, In debt
asked for time 10 earn II, but the Of
fleinl enr wAs dull, II did not hca
ind thc cry ut Washington aud upol
Will Street WAS contract" ''coi,
tract" down. down, down, 70 III
worlds culn.' busy industry hcar'
TINT cry md stopped her toll y
noon day, the door " the factor,
swung heavily upon IL hinges nh
remained closed: the lAborcr sUuRh
his home IA listen 10 the cry Of dis
irest but thcn VI arc getting dow
10 the worlds coin. Yea, snys On,
but I'll. trouble was tho drprccintc
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