The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1877-12-14
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| AHa ms~li 1H.sr~vsells ssirm.
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ltssas I ~ anss,~etrs,l,, hs4sra,
anFsns ~,nssissshl. wuss shsn hsi .
vsnsasv - iv~frsii.n. ms sNssi. ~e,y
anssesri, n tsses u s@nnl rns,~nes
rna Nrsiu.s svr.lsassun. t'rr~~sss.
Only u ,lessr !. te nswIal, | ran alvas.l
" W. misNni~ssts~sl, ~ vvvn mi.twrsr.
ssassd. r~t~~sall, - while s.i,~~alns 4
silver STANDARD. We snshssss ~ tlrsns
~ hesne slrsiv~A trim shr ~rnsst,nsspn
n she tinted NtAs~s t'nars that m.
shusatt th~ t,svwfnm~ni hNA lmsyrw~sl
and raid lhnHsensls II milliunA Il
slnllkrs IN rsin. M nne rnr..
tlosrd she monry valne ii s,l,st
n wAs equally rt~ciuna With enld, nnsii
IN lssg u wns s~~rvsly ,iemcnrtisr,l. A
hill oAtsnsil,ly intrn,iei n regulate shr
t1osrFnn~nt fMintA contained rlnnsc IL.
tsanrsising 3lvvr, hut ~ ranslpnaly
drawn N 10 rossr~Al iiA pnfpn~~, Moth.
inx appears IN thu drtMlr ahuwins THAI
any member nj upnefwAN wns aware th.l
a hill, apparently hafsnlcAs, nrt only H..
pttvvl thc rpnnisy III onr. hMlf IN hspnr.
tAFy power, hut wns In violation III ihr
constitution. The ,iile ~ ihr law IN
ts73, A. will bc sr~n. furnished nu tnti.
malion shNt n contained snrh 1 swce,,.
Ing elasise! !" An act revising anil aincn,l.
Ing The laws relative ~ thr mlnt~, Aaeny
oflieva, anil coinage u thc United states. =
Thr conspimtoFa, however, dill not ~.
cnmrliel I'LL ihcy desired Nv the act ii
isTJ, Thc following section found in
way into thu Revised bsmtntrs. which
wrrc enacted la bnlk In 1874,
The silver epins III ihe unI.ssi states shall
b. I.gHl ie,isl.f NJ their ,,rtninAl ,sns fuy sts
Anlu,ins l.nt exceeding NJ IN Any une payment,
The Chairman III thc committee. who
submitted Tho report, assured thu House
that II contained nnthing Int what was
found In the spccial and separate enact.
tncntH II Congress. And yct there waa
nothing In any Hct of Congress giving
the scmblnnrc NJ authority Tor Tho Hcr.
ton Aluvc quoted. The double frnuslH
were pcrpelrntrd without tho kn0wl.
edge of those who yotNd for them, and
without attracting the attention oi ncwx.
paper correspondents. Nor did lhe
President, In approving tho bills referred
~, know ~ suapcct that either struck .
fatal blow n the interests III tho conn.
Try and tho welfare u thc people. in
letter written by urn. Grant. dated
Oct. b. 1879, seven months nfter The pass.
agc Of the law relating 70 minl~, ct'., he
sAld
wonder thas silver Ii mot already coming
inso The market ~ supply the deficiency III ths
circulating medium, Espeyls,,c0 Ina
proved thAt II tAks. about 40, ,OOj, mn of frse.
tlot,sl currency ~ inaks TIN smaller ehnuge
neces1ary fnt tho iranssstloh ~ The t,nslnes.
~ tho eotintfy, silver Will gradually tAhs the
plsee " this currency. and. further, viii bo.
cotne. she standard 0f vsi.iAs, which VIII In
tloarded III small way. I estimate that this
Will consume from 4Ett. .O1 fHg ~ $500, ON ,dlO
u, tifle. ~ this 1twe~s N 0ssf circulating nie-
dtnM. - confess t"a desiss " ses !
,''s. ,a.. s.,,. =, s.,..; q ,.sK ~ ..n, e - =
yslue The world over silver il iLi.. .
Onf ntiiea Afe nav ps0durlHg aImoA unlimited
amounts ~ silver. and Ii Ii beeoalDK st,,Hssln,,
What shall we d. with r. | stt9gast here
4 solution which vii answer fof sei.la yeasr. IL
PM III circulation, ksettnE \ there until II
hx..l, and then *e will Ai,d othes markets.
THE President dill not know that liz
Ind approved and slgned bill pf0l,ib.
itinR ile coinage " currency hc
vnlned NJ highly II wns not until
1874, when tile Code WINS adopted, lhas
the coinage ~ Subsidiary silver was ~.
tliorixed. and became lrgal tender for
~. And finally, when these frands,
peri~tsatel ~ keep gold ~ \ premium
for thr benefit oi bOndli0lslern. became
known. no worl NJ repfobMtion has iean
heard. The press, generally alert. yigi.
liant, and oul~peaklng, hs~ mo- worI NJ
conformation against q conspiracy 10
cripple anil oppress the industries mil H.
ior " lhc country. On the contrary,
onr leading Eastern journals bitterly ~.
nail those VIM labor u restore III tl,e
country \ money standard NJ which II
was frsnslulcntly deprived. W. are
stiginatixed NJ silver inflaiiopists Tor Msk !.
Ing tile Government " p.eslmhIlsh II
financial basis nn.lrS Which thu country
aiiL people were prosperous nnd happy
for more than eighty yesrs.
THIS Question, stripped q .ophislry
nnL ver,,inRr. pfcsenlS 4 naked lssns 81
capital against labor. Hhylrks, ever
rApact0sis, src struggling ~ "krep up
tllc r.tc " ,,sAnce. In maintaining The
onr standard -.shns narrowing oar siH.
cie lasis One. I,Alf they will strengthen
anil pcrpetuatr their advantages. There
has i,ern, ~ there must br, brtween tl,e
Thousands who labor aud ihe hundreds
who enjoy the fruits n snrh tsbOv, On IL.
reprcssiblc conflict. II IL thu duty u
governments to see ihAl TIM faces oi
those who labor mr. NOT held Ton close.
y 20 tho grindstDns.
The country il ti,SsAtrnr.l, ~ Ii msual
wi,en capital takes ~ alarm. with li.e
return " tlie tWnds held abroad, sl,Onl.i
tlc holders w. axked 10 receive their in.
teTcst I'm com" II foreigners ehooM
10 return bonds becsueu ~ ufyer ID pay
thein In thu precise currency they agrve1
~ receive, do not sec that either oui
character ~ our l,oell~t will be seSiMtsl,
affected. Foreigners, during Our ,dsi
war "sns1le haste slowly" In ihe pmr
eliase 81 our tNnds, Nothing ii lsfsndsbli
or patriotism waA manifested. Capital
sser cAutiOus, doubted and waited ,
long time IN Germany. sud sll1l longer
In Rnslsnal. Most u their investm~ni.
we're male when their bonds rS,sl uten
Int ~ cci,lA 0n the dollar. They i,au
lNen receiving their tntrFvst III eOhl, m
III II II proposed ~ pay I'm cstn." Il
ior this susAOn they eildose 10 s~nd hoipa
0nS honds ~ can AFFORD n r*wive tI,~m,
having large sinOnntA n mOosy seeking
profitable inveslmentA. Nor q this III
only mCtiind u naturalization S~1ort&d 70
Wa ssu t0lal tl,st II the money Standard
n thu cUnAtituliDn m seslOssxl the Byn,
dicsls Will suspend III negotiations.
How faS this thrsat viii ~ Garrj~d ~
mains u be seen. The Hypdicstc Ii pOi
benevolent inssitution. II viii ~ N
with ~ funding OpefnliOns, ~ disc0n
Nnue tlsSm, aer0SdinG 10 ths interests n
the parties eosscemetl. II, BY SctnSt
d ar0cis paymsntS, upon 4 bAxil
broad enough U meet thu yequiF~m<ntl
of our c0mmeSciat And mAnisl.elmsinl
enterprises and indusiSies, prosperity
should follow resampttn0, tho lAnsTnts
ltoNs cf bonAhOld1fA Il hC1ns srd sbSo4l
would no longer b. hoard.
pec6eive thAt ~. Wm. z. Dodge -
Mr., "A. a, Law. emtnent A1lko g mrf