The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1877-08-17
HARD TIMES.
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ssssAnsa ls~ls sas~ineAs stfsasWA siss rtswsHtss,
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lssvssN fsiA ana i~9a
III. hsss.at "A sAat islfAi i uew rtA silms.
ttaH III Ills esatnift. ahi tsWaslsl W. siass ts8s
- 18th A. sisss ias* ~ III f48atfshts W. sisaa
~ sisAlnIs AMI ufps fiii.ts ~ 30 ~ w
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ss~iasisss. and iss#ast saa lsssss' ~ dtsi MI.
Matthias Nssssi il Tire liuu@ ~ ,s,mnr.us.
ss,l tsptsI I'm il tn Ns,w u ls,isis. el,ei,
lhss alnse, IN lria. lr.isstsa against The rym.
,s,itse IL kis tlrt~st resl ani lacaric. whn
~vss supported iss ile aliarsl usanluann4 ss.,s
a the lpNsis sirl ssansusus. ai,a argaamihsi tss
tn dnrtsins'stn, the ms'tey kings. aai Tin
4. Rln,ssli i. l#,fnr lii sittd lha. Nh. iersi
iaaslsr iii tAs country IA thr ns,is tftvAus I'LL
h4al payment. Tn na,sA msrr ami iMnh
sisi~.eais. ~ u.il - .lgai IN individuals.
". Al sls'1. elal ass All rsss,i iii itgal
ietnia s.l ilaes periodically at,d, IL lsAst
.tse -, III. as.rags dnslng each i,vAsle thsr.
las l~en III England rsri IN The United state.
i ernrtni and urgent i.mrfd fnr Immediate.
iasnnsl III I.gal tender. ~ debt dnr, urnd.
ing lsranat obligations. a. we'll ~ iaak nosr~
anil hank dssnsiss.
lhstu arr lHell. who innA n,s,n hank nai.s
ass,i hank deposits "a equivalent ,"i.ral tender.
Whereas thsv NJ. lsii lt,snl. ~ tas legal Ian.
el.i IN si.nanl, airl s.up ~ " remember that
~ ls,s. ami Ia i~h., .i,rial,i WAS na.l,, and
suspension .n4t1, NJ II always has ,gitn.u anil
will ttls,,e. ntief iihs circumstances. III ls,5
atil issl i.ih gold and silver w,t. loyal ten
III. In isia lle silver dnIlar Mas -iinken Ont
~ thu itHi IL IsgAl tenders. The nal,agrtr III
thu treasury ~ thu United states propose, MI.
der ". Resumption Art, VI require all ,l.a IL
H. l,Asalt. Ii. l.pll. t,ull ~ H. iii. u,, Iuasl
tender after Jan. \, iriv. rhna contracting
tl,e n,ranN III lasmclt
lii lr7g demand was made fur payment III
hohls dne, individual drlt., ~ MI. ~ ,lsilp
consisting III what Hfs rnii.d bank tlulAstlm,
The demand Mas MT far legal tender nlnne
~ ts1J, hnt fur currency. Including banA
tiutes, which ART Themselves prnhisss ~ nay
lsRal tender There was MI then sufficient
ctltrcile, ~ meet the demand for payment.
There II lsss currency noM tlinn there was IN
is7s, and nu eys debt ifrlu,,i,g bank dcls,rit..
In general demand Aer. made Tomorrow fof
currency payment s.,spolsion would cnsue. II
HIeeIr payments arr established IN 1875, M IL
proposed ~ ths Resumption ACT, II Il not ~ al
likely that payments IN Enld coin cain W. main.
lAitad after Il demand sei~ III fur payment III
guild ~ All ,i.lts dn.. Tho consequence ii
forced slsesn payment Atr fearful ~ euntnm.
plate, Wespenk not FIRM conjcc'nr', but fren'
actual experiences III financial pieerisnt.,
NhIrh shn,ll Wafn IT. ~ the dangers toward
Whirh ~ arr tending.
After resumption inevitably ron.s H,tsiei,s
rlpn The lia'lk IL England iliaily resumed
full payment Iii gold and silver III ix25 Two
seara later demand fuf payment Was made,
aud fearful commercial and financial rriais
unsnai. aud thr iianh ~ England waa ull, IN.
Abrd III avoid suspension ~ rarfunr, payments
III the Timely discovery ~ hos containing
i.OfU uUu un.sruuni nusee.
TltE cUME.
Il Ii practicable u have currency which
shall al be legal tender, which shaii all ie
available far The payment VI debt ~ uiIsit.i
~ ~ the Government for customs NJ we'll M
sflier dst.s aithsui discrimination. Thia rnr.
t.ins may enfsst III copper Nickel. silver.
gnlA mid pataf, mid all hu ut equal value aid
il should Ill Il, itsued by ilo National du,etI.
in.stii aud b. ,tsttref hs tho National Govern.
tl..il tni nil dues.
Ii The Government i~s,i.s nickel aud BIZ
s.lel iawus receives equivalent ~ runia, Wholi
tliat niuknl etuius Lack III tl4o Government,
thuiIsli II euniAins ni.ls III. salur ~ s.satsa
nlHhtlas III eunt III nirhal metal, III n Ma4 ii.
~lssti ~ eeutH 4 should " received hs tn
ls10r ~ tsVnt~, ANIL W received TN rslsspu
sl,la# II MI, tihar slus~ hs iht.~tuRu nieh. IL
hs thu rHlilaad That NnnlI M circulation
Circulation involves complete circuit ffufn ils
irsll.i alli back Il, tils i.su.t Onr copper
Isknl anl slsnf nnins NJ. deprecated h.ua,l#n
thy l,sse INT l4ff,si circulation tbe tiny.
eiiltnsHt tts.lsus fuil saltn Msn pass iheln ont
hui rseist= ll,en i,asA under isst.diiilg anil
tesatltals conditions ai,d IN liui.d amount. III.
United 1tatsH lntr, liz apresask, las f.t.s
. lHstfsts circulation, its circuit h htuken wl,rn
u y l,ftissl tot easan dnes, hiii when III.
Government t.sflisss H. redeem IL SCI, ,usiitln
Il IA l,nllda, NJ originally contemplated il ii Il
ls.asti u rpd faith ffangla viii, disaster
Nheh government lHsHtaii anything III II pl..s
sllnn II l,asH.ti II mi, isi, honestly. t,fil- Il,
,tssis. lie FHnls III IT, faRa shlne. slflrneA
el.eslIl H. l.Hal t.lii.l, I.nelsah. hy tla ts.s.
HftinHsit Nilt'n' with Il raitl,al sAisfariutils
Ill halFa Til functions u naiInni II jas.
iaani.
III order ittefY.el satisfactory tiuA,a. ~.
ten. VI s.slIiH essential
|. tlat VI. administration nf tIa national
hsassifs shu'tl'l l.al primarily ~ vi. Interests
- illn tsurlu ~ Ills hHtiun and ls h,tniniA.
TRAITORS slr,llld lanl IN approval. appliance mil
.An,iHllnatlutl II hgim nh iron, 1l,abi,
MI ilsal altrIA ilao riir,ni ,ilsnlaiia,
#hsallsi ~ l#ssl.d its liz tsas.reit h,i IL -
..lsael. ~ aHsstnslent IN AL dnea, without
Discrimination NJ IL amount ~ Llud IL a,naM
hlrl si,e,,Isl III h legal l.pi In III, lnl.,a, -
II payments hIseei tho itullo,
j. The lalAI currency IL the country shuh
.ensist Il United slates lrti,s wiuiliv. ,e1l,s
ssniinr plafas HI I'll. national dit ogal t.t,st.f
0s1sNb' III NJ lhit,lif Hiu trSnfe 'islss and
ns.lasutiia nj III. t,lsHH,if. III tie ln Ia int.
,l'.ts8~'lfefiuR obligations R,ai Ilit.i stall
l.stsss u, ,1tas.l ehnnll IL r.thibni III HE nn
tfaAistt Nllsats fassttati. ntI ~ f,.s Aullul,asI
w lH,I..tsl#alli,H nsaiieuh ielluI Ill ilat
#iiAitsHa,lrt n tn It.afslts ~ III l,.lsl.f.
4. y til t.us.ttnsni lhA MY Hl.siHI rut,.
trait II A,iis.l natal Nllh,i rNlstsr,
ulnAsl ~, tlis.f ~ N.tl,l II aia@all la,N ilan
f,siAl trim til luittsss and liNaid ii i'll Aise
iAa.Aay' y Hiselt ialttt A. nas agr,a ilt. ii,
rt'slsllHH ~ l,iisfsHi ras4tiis IN iiAl ii
Aattld IL lar luu.s fgsHttts'sd aul silsaist III
uas1fs III. hnds,a ~ maturing ,u,lluiis thai
lis e's.'li tfsli6a thou itle, Il IN month ~
SO III advance, n stitftIH eptilsuI,N would Ii.
Ieu.Is.d il. payment ~ el,attins ~ any nli,.r
diaH IL til Government. Gbd.I snch nj. III.
falle.tlali s,,.inl,A se.d always i. presented
aud sHileelud ts'fute due. AMI tn NECESSITY n
providing Knli 70 me.t maturing iit.isst would
y. As"1d.d. Atiii.pflis I" iesIte r,,iIoliA IN