The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1877-11-16

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st,essi#l tsa~n uhs hp sheHll hasr
NJ III IA any time his l,,sinrsa
aIvsslus.ls fvtlnirH that ha Ni,uni /
hnsp sltHs ilfiy rrnis N rin, IA
Tint titnr lir renlaA have M
t.nsiheN# experience has ,leei,lrl ihas
currency. Ia eisilrnh and commercial
naiiutl#. nnsl f.st ~, rfedii anil rutlriss
~ parvr Tins exp~rirnre answers mar
first question:. tlir currency ,ltWH rset anil
mnal ftAt pn rfetlii. Wh1ss sl,all that
credit l,ei Sfall /, I've The credit ~ hank.
atl their rtistomsra, or shr credit III thc
nnsthng This rueNlipn nlso experience
has answered. Before thr MAR W. hal
lanAa rssting eaeli one on if- own rrs.lt.
w. all remember tho feau'.. The biIIs
~raas,i generally ~ be- current a hundred
milss ffum ila ru,intrr Ym le~s III u.r
cent. III changing iliurr III il,e Hcn,l. nn.l
West for Eastern bills, anil Hurae.
Greeley ,lemnfeiy told tile committee
vino rnil him u handful of Western
lnllv. II convenient. ! sllpnlt mnrI
prefer wsli.sseratsd counterfeit uu
some Eastern bank What makes ony
nationsl.hnnk billa gosl. and equally
gopsI, everywhere today The nniion
stands behind them. Much notes pns.
everywhere, aud everywhere nj The same
,Hlne. lern,I#r thc nation giiarnntees
them. Al the note currency W. have
rsrts on national credit, directly Or hi.
directly. NJ man cnn giye u .eneon
Why tllsy aliotill not rest directly on nj.
iiol,aI credit; Why NIL hank bills should
moi be withdrawn and iegnl tenders si,p.
pIy their piae..'
On iLe second question. this IL Itir
answer.
"lt't ihr Government stand ready 10
iss,,e nll ilr currency amy business
man ~lalas aill ran give pDDl security
FIR. ~ low intrrrss and convertible intu
long l,ofds. II necessary, III ORDER 10
aoneiliate existing pnitIliees. III tile
eapiisl of these beirls, having long terms
~ RIM. De payable In goll. Make
pfrrti,ackn legal tender for MI
pmfpa~H. customs aud MI Govern.
nrnt ditcs iDelirlcd. There IN Every
r.espn Why ll'is should BE- DOM.
ll'Mey ~ repeating iisslf. England
nny't ttrw ,'tofe prosperous yrnra tllun
from tssD 10 It.,b, .furinp which rI,e
naitiier baal gold. nor wislhetj tO have il.
nor promised to pay gelI ~ atyol.
whatever. All Tint while si,c exieipI.I
nnl contracted her currency, without
rby regard whatever Ia Rold. IIet
eiloriaoua srade mud expenditures were
alI on paper. resting on credit and moth.
ing eIsa. W. llasl similar prosper.
isy during the war nn.i after on
tile same terms III Is2O England,
yielding ~ theorists AMI dream.
efs, tried ~ pnt this nrs
vine into oil bffles. aiid urng9cl I,sr
business baek - methods a century old
-.ta specie. bankruptcy, ihe very hin.
tory 81 wiiel, makes the blood culd IL.
lay, blipisel the empire. Ii to0k balf n
generation ~ lesvy.r from Tho mistake
NJ t,aD sa,i ios.Iay begin t. show thni
anal, suffering wins necessary: that Ii
achieved any gaosl, ~ Tint II effected my
eiiaupsa whi.i, eDiiI.I nsa lave beeiI M
veil ua.Ie without II W. entered tiai
#ai.ia valley N ill1 shadow III death Wien,
iii js65. NlulloeIi bsgan contraction.
W. ar' l,urryine fast IA Englani's I.2O.
property sunk t. i,alf III former value;
ill., streets crowded with unemployed
nsn inst rOttina Into criminals; grass
growing on iii. wIafyrs, machinery
rnsiliig, wsalii, aiafnnd. poverty stars.
ing VIZ ~ the political party xl,irIl
the nation shall finally pronounce ~
.pDnrit,ls for tl,ia fatal mistake, NJ
presiD,is merits will avail FIR its pardon
IT. leaders will be buried in curses, IN
men wIlnni neither history hor their own
experience eaiilI make wise. - ljysfuu
Ht,bt.
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