The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1877-08-24


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faasr frr " can nrssf - iatns fsrs .ssstt Hrsa
hsnhrnls Mastnu and isn,slc falasdiy tIas.tlssg
backward IN ih. @.al. "A civilization asni
lsfusf.ss.
tbs i..slt, u.ssis uuis a. IL lvtk.sl al III s,ua
mess MANNER IL /. plsinis esisissi. w hasv
tfsNlucssl In ur country, ~incc the discovery. III
guild, III round n,imisrs, iiitren hundred mil.
tan~ III dollars, ami. gentlemen. where II "
There Il n.t enough left ~ Il IL be asstls ~
nasnsnsl considerations. We have *l~nt 4 ~
tn fan IGN lands. hut thv Spending III ihiS
vsst rnm aLfoad. the sntifs lalsf II s.'rfa
tim Ia that diIcrtini,. II mt half hi. strrs. W.
afe Indebted to EnNiss, ia anatinhai. rFintate
aud Individual ralacts. 4" All Anesssl saIisiitiy
estimated u FIRM ilis~.n hundred ~ f"alt
thon.and nullin,as mun-~thai Il. w hay. ~lsn
all the gold th. last generation has produced
and NIL that the coming one ~ Two generation
could produce, II they wtlc free frpm .i.i.t
but, ~ il requires all ean raise annually IL
pas tho interest rn oi,f gigantic ftssign slnas.
~ NIL tht Eun,saii ilstions ate lighting u KEEL,
What they have, sou can sasis ealeulat. what
chance W. hase IL keep, of get, amy II It iur
currency purposes.
hut ilain AZ would scent 10 be the deduction
frum thu ah.sr state ui things, Mraic nut cun.
lSl~l u ltsi un theory. ~ the time rolls ~,
toward that evil day. the state ii tho country
tM>lcs along with equal speed toward rum.
After these many years oi constant y, elm. we
were, on tho 1t III January last. assured that
now wc we're only removed few ccnts fr"m
resumption and that thu change was At hairl.
aud that W. were Mtuut u emerge upon u new
era ii prosperity. EAci, day sincc haa seen u
plunged deeper lnto tho put and, during the
ssx months t. July !. u y safe 70 say that the
loss IL tho country. III the additional shrinkAgo
of valucs. anl IN the los~ from labor, has
csluAlcd tlic entire national dcbt.
Nc can atsu safely nlilf1n that during thu
present xix months tho downward progress, IN.
lcs~ assisted ny the rcs,al VI existing lA~s ~il
b. equally rapid, aud that the 1T ot JAh,iats.
is1s, will lind ~ thnt much nearer universal
ruin. II ,s true. We have III tho Northwest the
aid VI bonntcnns harvest, bnt H. cnect will
b. local and trining, and can no moro stay thu
dread progress than rtlsh 0f The toffcntu ~ thu
Nile. Nut only |. lAhnr u sufferer beyond Conn
pliatini, bt capital itself. which i, aud should
be, the great ald aud al,.tsor ~ ialSt, \, AZ.
pArertls unknown. itself fearfnlly endangered
by th. suicidal p,lluy.
The national banks themselves, In 4 eiic,llar
letter asking remission ot tax, ,,.s' ,l'is Ian.
.,aagc Tho percentage ~ taxation, III spine
sections III thu cauntry, Including the Stat.
taxes and ths national tAxes. amounts 10 ttsris
Or quite thu Whole earning power of the ealitsl
employed III this il 10 IN continued, II
amounts, hs eu,ailscstinH its earning lu~.l, "
virtual vuhiiscAtlnn ~ thu capital.
This IL the language u tho b..,ks themselves,
but they de- mot. ur Will mt, nce that they ain
advocating The very ea,,se Tint hfinga this state
of thugs upon themselves ~ well ~ upon tlu
rest " IL.
W. have for years boon paving onoroust taN.>
not frnm the current profits ~ tho ivnrl.,
which eau enly safely pay thcni hut fruM u,if
working principal, till that Il ncarls gone.
With the continuance II this poliey u eAntpt
BE- t~a years mfur. thu doyernn.elt itrelf will
lr unable 10 culire' from M lille and imlnvti-
islisSi people thu nleansta pay even it, finiiiig
eAIr,ircr, anil tllc di~Iraeu ~ Haf.anai bNish-
rlplcs viii H. added tu the ready Mid. spread
individual rum BY which va are surrounded.
Herr the speaker rimplilied his illustrations
sf III. nature VI pnblic debt and his pnint that
thu attempt 10 resume rlrcis payment would
end lii national bankruptcy.
Mr.. Allis closod BY rchearyng tho claims of
his rarty ~ follows,
W. claim that ollo war has taught M what WI
have for 4 hundred years been tryin. u iin.l,
that IN our national debt Mu have found Il s.,ro
aid staple supplement fur the insufficient Wi
unle VI tho precious metals.
wv claim that tho srcolihAcks PAID o,st ly III,
Government - its people for their material,
their labor, their hlus1l and their li,.s. Mas
money earned by them, and that Il belonged 10
them. while they could nsu II IL their advant-
age and that its sorcihlu retirement MAs
wrong. m we'll ~ financial mistake.
W. claim that ~ the people ~ this country
krM thu nation cocqual III power and standing
With other nations this money NJ tin lso-
plc, paid for such service, should have heeli 80
hunutrd by tho Government ~ ~ have nnasl.
IT. value, however abundant. eorlnal with the
coin used BY other nations. Hnh rendered nh
compulsory redemption ar contraction laws I'M
necrs.afy.
w rlxim that. the wicked contraction ~ thu
currency, and thu threatened forced rslcmi,-
ton In something We have nut got, h tlio cAars,
II ,lU present disturbed state VI the country.
and that after thu less VI thousal,.lsof nillianu
w shAll lind w have attempted All inlnr~iili.
~, and hc eonl1ilel IL slowly and painfully
rutrnre our s.err, II. indeed, W can trslaec
them II wll.
We claim thnt rileu We now hAvr foreign
I.sld all fha usali ilf,ila4u