The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1877-10-12

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AHsnitlssns ~ ~ ~eanss Al all. Tut d nnts
. tn.sh.~srk 10 human reason hAs.si un fal-e anil
si.inxis. R~~niutiaansg Fortunately tAs facts
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tain sound.
w Ns,rmlsf. i~si. when large payment IN
scngnia " III. ~sr fne. which. 4. YIN Nnaw,
Amounted, With interest and charges. - 81.
iH.WMuna. Ia addition ~ the surrender II lii.
Mag n,iic-n, provinces ~ AIeasv and ls,ra.,n
s'ih ihsir wealthy and industrious people H.
.vima,1s. WAS due, iii. premium IN s..i.l ro-s.
y ~ highest pint. Y pr cent, II which, IL
the f.,neh l~prls. .ssatllans rate Il n
maind Tor Int few DAYS AMI Wkcu
the irrvsie.mahle CALCULATIONS had rn,,.
sadncnth lss'n i,iefsA~l fr.m etds,
ams.@o o. sisNn0a.um the pf.,num Tell
Ia lsr vent, and In October. ls1a when Ill.
selnl,e q notes had actually reached $sit,.
sHhs,ws ID. premium WA mefsls nominal. an.i
Was opls demanded IN inrse sums. Legal cn.
der. gold, silver an pap,t monr, w.r then
circulating ~ common and III par With each
other, A. has. sail, the war iil.r amounted
~ sliuu,Ws,.uM TIN total ee~t II III. war
~ France has hssu officially estimated At
II. M~ swM tarl and the direct less IL agrrsllt.
~. NJ $500 'Hfs ,,t thu last ~, ineni IN ac-
c"iht "a The Mat Tine was made un thu 9Th ~
~.rt'htt.r. 1871, VI IN tn WARS AMI fur
mouths ai..r "a. cnnsl,sion of th~ treaty IL
lvAee, Dn.s history pi,sens Al. such striking
illustration ~ tins ~ the hssnan, IL tlie intos
est ~ stat. ani H. ls.nllrf The ADVANCE III
ttir banks III hi. manufacturers in August,
1870 enabled tla.h IL naintain their industries
AMI w paying living wage. - plere the Who'll.
people ~ position a. not onls respond 10 tll.
demands ~ tile Government for tas.~ but IL
tgrt Us call Tn t~a ltaHs. uttr fur $1lp tAl NM
sud thu other for esg7, mo- OUu, thu tenders Ina
i.NlNtlss. - VI. latter call amounting 10 the
fabulous snln Ut ss,Gna t,,u 0tn. ~ four times
thu amount oi the national deb, 81 ia. Tinted
states.
IitE tnsssrr. III nlIiloS.
Int, omt,lug man, facts tia, aaaid l..
| pregnant aud instructive. ! mslHt. IN si.M If
Snnr Limitations NJ 10 rpaee, hast.i, IL a eal.-
nlur'"li. The 6srinata .anlfs eiltusd nra.,
What nlts rfusu ~ te fatal experiment
When, under the mistaken naiias, tAst ia. Was
- rec.is. III. bullion tIen held Ii, France
AMI that which r,,e might earn IN thu tim.
stipulated for iliu payment Ut thu iln.. sAu III.
triinin.d ~ .rlatll1h II guild currency, de-
nur.sis. silver. ai.d e. exclude rlnal notes
from circulation. The highest estimate have
rr.n amsMhors ~ tho us. II I'll. precious met
als ~ France IN the payment II thr War flu. II
4
~ I. shown NJ French and other official iis-
ur.r. The French Government shipped siu1.-
OW,OW uf spcris and bullion directly ii Ill.
Herman Government i.t TIM tables af the
tAn counties. and the, All confirmed BY thu
british tables " exports aia imports III specie.
show thai France lost from her intercourse
viii, Germany from Jan. l. ls7l, u Drc. II,
1874, but slin, OtV, INN III gold and SILVER.
THIS u the statement II NJ iNnl Nay, made
dining thu tune he WA Finance Munster, which
hc continued 10 b. I'LL MAeMalon changed his
Cabinet. Great bsltaln took temporarily some
81 tho French rei,tor, ~ rha hsn during tile
lfcsc.t depression taken our 5. T., and per
cent. boisde, to In held as certificates IL de-
post ON call. Between Jan. |, ls7l, and pee.
~. 1874. thu dates la-t referred to, rho zen,
U,Wh', 900 mure of gud and silver u Ger
many than she drew from her. Assuming.
which there u no good reason for dung, that
All this went on French account. ami it APP
pears that Germany received but t25n 00n, 0O0
~ cash from, France N payment thereof. The
truth IL that France being, f.r tho ruAnnn.
stated ~ my introduction, remarks thu creditor
~ all commercial nations, paid drrnlany ii
bills drawn against foreign debtors In the
French poupl. Or, IN other words. Germany
wAH paid III foreign merchandise, the lnrurts
" which ~ excess ~ exports from Jan. |, 1870,
~ l,cc. ~ lH7a having lrol., sccording 10 tho
liavArlAn Id'.rtuni n, iJl. 00O, t.0O. Many u
thu earliest VI thcsc hills WIRE drawn against
herman merclants and BANKERS, aud serv "a 10
transfcr money which had hcon In circulation
IN Germany u the imperial treasury, aud thus
withdraw II from commercial nAr Thus thu
Industrial and financial sAgAclty u thu French
Government enabled Frame to revenge herself
| upon Germany by the methods with which Ii
settled the Uncomfortable War Zinc imposed
| upon her.
| An INSTRUCTIVE srrpt.
The legal aud actual condition IT the BANK
~ France III this Time furnishes an instructive
study Tor those 81 our statesmen who are tn
doAsorlng IL br,n9 Abomt 4 resumption III
| ri'cct. paymunta BY NJ contracting nir legal.
icndcr PAPER ~ u further reduce thu price Of
MARca and co,nnuslltics, which Aru .lruad,
below hard pan, or price. which ruled In the
days ~ is5g ~. whrn our bank paper MAJ s,lI,-
l1rud ~ b. convertible iiltO ttA4iu on demand
TN llank III Eraicn il Lnrd.1,2A .uiAi, ! 1, -