The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1878-06-28
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Hui thss u MA Ali. The rnlr III every
tNahinr syntem ~ t~~nvl that hn& ssrf
o,ussshesl hrs l~wu ~ i&sne Isosn es 81
ein ~ Paper n n II coin.
IN. Shrn the xystem hes hs~n t.sssl,
u has rfpved 81 W. shssa, lfsnd, a
nscans u stealsns ny th~ terms n Law.
Htill further. This Syrt~m il nnre
hnstfMl n th~ raMaesiAl interests III nam
than var. IsNMMs~ II ~~tAhliAhe&
"cctn hssis, urcn which u reA~ its
~mpesxlSsactnfv u credit. "A supefrlsnct.
arc that falla On IN average of rvesy an
ycars and In in fall. each time, roba
labor of seventy ccnts on each dollar ~
IN hnri.~arned anh~tAncs, and thus
crowds down toward bankruptcy and
ultimate panpestam IN p~r crnt III The
people. All this. tn order 10 rAiac 81
0rulcncc, ~ tho "heiVht ri money
dcspots, 10 per cent of the people
making them ruling class by opera.
tion of law. This system was con.
ceived In sin. and brought forth In In.
iqnity.
The banking aystcm carries TN itH work
~ plumber By 4 prosrss---the slevilish
engineering II which they understand
"a thoroughly N ever Satan knew Che
plans BY which he accomplished His
schemes of ain. This proceas In inha.
ton aud contraction. And the more If.
fcctually 10 carry on this murslerous
business of making the rich man richer
and Tho poor man poorer. thcy subsitlisc
the press 70 their interest. They take
whole administration under their con-
troll, and convert 10 their own base nsc
the hcntl.crntcrs of the church of God.
And having filled mp by thcsc means
their army u Villains" they SO for.
wArsl.
They fir~t infase, scrd the business
Of the country forward at whirlwind
speed, then " issue bank credits, NIL.
ing the channels u trade m thickly ~
do the falling leaws tho autumn ground.
"CrCtiit" ID their motto.
Bank checks, bank notes, bank credit
does 00a per cent. oi Che business, and
coin half ri ! per cent Thus En-.
gland for century has pushed forward
her sch~mc of robbery. We arc trying
% reach II IN this country. ~ that our
ruin will ba O0mpletS.
Now tins going mp, this fnf1fi0n, ,.loes
not hurt like the raverses- down.
ward road. For0O per cent. of the labor
masses, ~ money In volume Ia abundant.
increase the aggregate wealth m rapidly
and ~ happily 10 themselves m doeN the
busy bee IN the blooming flower time, In.
crease tho honey In the hive.
but from this height oi blisa.--this
inOnntain.top of Joy, where there In work
for ali and Ill work, the fall 10 .hnni
pan, 10 M "honcat basis," ID 10 he
sudden m death. and cruel IN the grave.
Labor ITO be tolsl--~by those who have
been the authors ol "inhation that
the toilers have becn too active; That
their TOO close and intense application
70 work, their Joyous, heroic following
of the industrial pursuits has brought
upon tho country great calamity, MI
production.
Tho people are told when the politi.
CLANS have reached this stage that there
are NO many shoes that the people must
70 harcfooted, that there are no many
clothcs that the people must 90 naked
and there In such MI abundance of food
that the people must stArvo.
At this point II Ii discussed that the
other wheel OF the "bAnker.' war,lcr
mill !" has becn stealthily at work
contraction" This dcvice---as slyly
~ the assassin does his worl. -has, with
noiselcss step, passed down through the
ruined fortunes and dying hopes III OO
per cent. Of the business, and reached
"harl pan.
Tho truth begin. 10 lc realized. Az Il
never has been realized before. that III.
rati0n In ia the main blessing when
applied 10 the whole body polite, be-
cause moro than ND PER cent. Of tho en-.
tire population become active In all tho
pursuits of productive industry, md
only about 10 pcr cent. are disAgrceahly
afIcctcd--snd Tint 0nly IN tho particular
oi getting less amonnt of commodities
for their money than they wonld have
got II there had been no imitation.
While this il true ~ 10 tho increase
In ths volume of tho money, contraction
u tho volume II appalling In IL results.
The contraction of The currency hAa,
and always must, work m appalling 10.
strnction--a ruin Of labor, I'll all pro.
ductivc and industrial pursuits. Head
this authority:
Tho danger Il m unduly increasing money
II theoretical and fancssml The mischief
which practically thrcAtsns tho world. and
which has been the most rrOlihc cause of the
anclal. political aud industrial ills which hAvs
afflicted H. h that II decreasing and deficient
money.
II u fron. sncl ! deficiency thAt u,AnLind
arU nov suffering, and II II thu actual and
prcHcnt evil with which w have to conlotd.-
tlrsr T.n,uissien. u. u.