The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1877-06-01


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~ we tgAasAs A#aA NEtss sA 4#A IN
ii $50 ss4sss4A ~ lH8N tA8 4s#A
Il ~ Alaasss fssstfss8 NAfRfs NA
sAMs tAssA #4ssA# NJ sAA H# t@
snHsps sama II fss,tass4 u
- shaa tsHaNs fA#Fs a.
fmA N4ksA AAN f#4fA NfsfAf
hssai tAAfs saAA siaW
n 49, asnAN 80 NJ asAHa &
that ~ snAsH tsmsa n the Ht
- AEA44sA hAH - y tAAA#
laswsen 1911 Hti "
nd snslslk#s = 50 HHstA III i -
sFts4A ~ sAse III E NAg#HfH 8af
wiah sht llaA sAsA ST. Nt# sttfH
~ Ne NasssIlslsn ss gss1#A ifssHa III
~ substitutes slst III III .'A Hs9
sissyA
4 eas#AtA tsHNANatfFN, y ak /
fastAis fhe TAT thAt h@ti N
tisssA lstst futHh #an iat n hafH
haT 49, MI hgeatvfhA MWH sti III
lrulle IN II Nil ANHam iIHt III
tsrs.sseAllIss III sHsnH ts4 Nai58 iht
paln,ssissn III ssslr ~ ssfsst 80 hHHtt
~ usas .va hutNlrsl ssAts nes,, pna
that slime thar ,ltn. tie sist ~ ,tsln
hns hssh STEADILY sisnainishitas Wills
shs nsv IN paper I'm lart VII sssiais ~.
sfrnAinv tn monetary ssess III 81
Insluu4l II III lj.at liz ,i1tssf vii
,lan,al faf Hani Mtnrss" fnls II II
~til knnnn thal n trss siHall Is'f
.rn.nre III tie tNeienhRstA II that
country atst Effected hy win Nis
Iuhn lasl,spn.k. itu eriehfnfsasl i.rnt
.lah banker. hns gsnnsl nfiNt eRtrs
iul rSn,ninnsinn thai llia exchanges
III i.unslnn n,e nasis hy thr W, II
ninety mine anil uup .hnlf ,ust rvns II
paper null tie IHlnnee III rnln AID
Professor jtsana tell 49, ihui III Il
nnnrinl institutions liz ENGLAND. L
called lpuit III tliAplnttsr ilHlt DILL
xniInnt Hi coin. wolill Y" naHlt II
uny over ffs trysis 90 tils dlul'ai'
ThrAr statements nts .utrhall,nt,t.l
Nv tIuar who utp sl,ln.linv the Isn.
rIc with ,lu Try ~ "Hafl Manry"
ff, lnr thu Hnke III argument. rr
admit tie fulluty ihnt gnll n.Nl alls,l
have ii "ilxr,l n,d unynfylnr' value
y. ilni Tim, thu propositions II tho.
~hp nrt' engineering Hiit Iit@riii lti's
flirse PERSONS. when questioned ~ IL
whether of nni thry expect ~ Ill.
prnsr with puprt inufiry ~ once ".
ply thu "lhe business ~ WI. rutntT,
should lc done with National Bnhl'
notes" When asked how much coli
II " liz kept for payment ~ thrA'
notes. they @up..asi TINT Zone lnlla
I'M colin FIR t..ti ~ t,utaf would ~ etf
iirirnt anil iiiI@ /. what III rallr,
specie ltnymanif.
After this bIissfml state II hitaihr,
suppose thai II foreign war ~ oiliel
cA,iH. should cr"ntc sudden H.
n,nnd for coin and draw ~ nuul
gold from ue that the hunks wnnls
retain only Ave instead M ion lr
cent ~ sh.ir liabilities ", coilY Win
would then occurY Ii N not perfect
Nv apparent ihni the volttm. ~ III
currency would Iinvr ~ w. @,iI,lenl
and enormously contracted IN nfdr
~ maintain the proportion ~ Ten =
Onc2 This wonId ut one. rnlirn
great thrtnknRr IN rrirnr-il phhl
and the ruin III thousands ~ b,isl
ness ulen.
Tn the other hnnh, supt,ps. TIL
balance vi trad~ ~ br favorable al,
tho home aud foreign money nnfl,
cts very rney. In TINT eh.r ilir bniik
might receive utl accession tn tllnl
stock III gold. and II tint took plne
the natural tendency would y. Il
them tp iniinie their isA,icr ~ pars
70 ten times their innrrnr. ~ coll
This would tend 10 create II RI
III prices. which would continue MI
n decrease iupk p!in. IN tlle coin !.
serves of The bnuke linen IL F,l,ids
contraction would occur. - IL ~.
rrrded by another period ~ Imitation
iii thIH way tlie amount ~ allltei..
would hr continually fiuetttaiinR. Ill
this iiuciuutIun would Ia nitetiis
with Il corresponding rinu uhd full
prizes.
Whoever Hnrroses lie above i
fancy sketch ~ Invited ~ lnud al
carefully study liz actual history !
our country H. Will find tint pr
Ddh ~ Yosenll.d sIstio payment
hnve been times ~ uncertainty ~
instability that business WI enfrls
on Ivy ln"nils 81 rhisr 'ani,ey, II
ynlsl. ~ which NJ Gle could rir.llt
fof II single mouth. nui TINT illa IT.
curious currency Min continually q
guIfIns men who thought iheinasls'
very prudent. Th. Iein@lau III fl
American people hns hre,l mud II !
sIf,pasinR tint Il return II fiieli
finnneinI syslrm would rrfor. IT.
prosperity Two yonrn MO II
apostles ~ specie payments predict
IA II stuspdy revival ri bilHIuaA
What hna heen tile result u HI" 20
icy They have urged upon uAY y
not apparent TINT values nfe mol
un.risird md business ~ nil Kline
innrr hazardous ihlu nyriY Aliln
universal gloom perynal.a ihe Inn
No one rni, I'LL With any "riiilhl
whit III before ~. nid illH iuiilti ~
uncertainty rafulyzes rfi.tttlrr VI
industry,
W. shall have ii return u pioNpe
nv whenever or rall.iA fn.Trr. ~.
present policy when law are
longer cnnrt.sl with tie sspiprs p,l
pose VI making r,aldsn nhI ri0lel
change iii ihr standard u .nl'fs,
when debtors md creditors Bts' itsh
III nlike, and when W. hasen nntlnl
Ill legal tender currency Nl,pf1 ynt'
II ~ stable mud uniislrtuuilnR ~
possible for II ~ BIZ mule. III
much longer VIII the American prop
allow themselves u W. IrI into u
miir III uncertainty ny III. lni,oin
rcnteless cry u "hntd money!