The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1878-03-22

il ssess slss Nass.@ss sss = l - ss.s.
~ asss shs4 AsAA HI "A ts&e II ssa.4a
f~s.s II sssA Al n "a 4 ssssss s..~s' !.
80 ~ - .,ss ~ = f*s4 sss i
t4sa fHas.sa 4 t~sA sAs+s ssssassssa seast
ss#ss NJ IL ssases tstss " ia t~sa -
ii ~ sAsts sssmNsA IN @vsvas Hssasst.I
so Hss "A " Asss4sWsss @saas&vss ssa ~ a.
seagswusv+A tAss wtsFA~ sf* i~aAs hsAA tn
ss4NsssNss n rs#A seatss tissm tA~#s go IN ~
ls'',, ,'..t ~. s.Ns III NJ. II. ~, NJ Y
II II v#naA ssa~ss. sh+N, tywm Aaxa0#s IA uu
NsA s@sgAtsr fu@ss&s sk&a ss&a~s rwssvs~xs
HHAa ssffs " .sxAs ssAssss sAssA III aAs VI s~ae
~hrn fas tstsa "A saAn W ts*s~s vi w. ssvnnsts
sAs sA#sss NJ IA vs@n VI VA " rage, sra ~hss
ihs sanAs hslA W tr~sss ss~ui NJ "A esan v,
w r. sa / IN t~s~s,
t+as w tAssN N t~A~s AsH xNa,Asn
NJ stIss .f~sas fsAsshM wsnnstt VI ih& ~vsfd
e9asaasas sta tssssurss ua ~ AsnAf t4wtswtiHn
\ rsslm n tat~s ~ asA sAss rxwsAass Ia ~
lssh fssv sssssn~nt ~ FvAur4 IAvfs shs hanA
.ns Issansss y mssis IA aeW iAFsasA m.
IsshA Il Ftsnes sna ~ lvssl hssnehss4 In ths
's ~ INssHs*s, iksf. thsse was ln rltreisiasH
snunr shs ,~utsk n lsanrv slsaus t.an nm. fsm
81 snA sssa. sssn mn n rat~s mira II The
issnh ~ ifAnre, IN sdiltlnn ta this the tAssk
ssA accumulated tvs~fs~ ~ nearly tsps.tsN
80 - ssan preparatory I. vwsnmiug sts.eis pay.
u.nss "a ihs Isl II January, isss. 1hns. h
sht sNilts rsnniss thefv wss NJ. vfsA. m, nA ~
ntshss ri efn. .fsN, fnu N rrlm and sscn. hnt txn
~ isHi.t atr'sv. ~ ats'n' eie ~ essin N ~ ~
rslsf mari, ssl rsin tn M rapsf. w mn.
Ire. further. that III ffArr~ i~sspir hrlA s7,n,.
ssfHN ~ vsssn aad The hAnks Aiasnt 4sa#a ron
Nn thr t~rrlr having nrefls ttt. III rusn Iii
n held Nh thr hank. Ths. she~s thar nv
llahk NJ ftene~ nsdsr~tN~l thr snhjsvi N
/ tns,'sss wl thai N made w. AliemlA III ".
snms,il' until !, hAd NJ IL sNnls. ahn,si iul.
Ter N es1n fns ever, drllAs N pArss currency
L iIHt II hal ~ rirvuiAlirn
Annthsf significant y,rtnt Il the fart that, In
ent'. ancnee y hsing made in legal trnder,
lie naAfvin hwtSr*n tbs noscr ~ lhr Hank III
FfA,ire ard cotn wAs never mere than ~ ref
sani., aud most ~ The time II ~. tss than
{ Isf rens,. nna YET no attempt WAS made Il ~.
sumption until tho lhhux ~ eoin Va. fully
s,l,tsl Ia the ntitgu Vt paper nencv, Tu the
sstaiiishment ~ the financial wesl,i, this roun.
frs teasts ~ SECRETARY ~ she Treasury Win
proposes H. reie.m taao, ,rn0 oo0 ~ paper
ftlnnos with bnt little motr than ti1s NM, mn
Il available eoln IN tho whole country.
Now, iet ". inok 4, fnaland Mr.. Hewitt
+iAirs IN hia speech IN Congress that in I'm.
gland there II tatn. 100000 ~ monsy, t50O,.
ION, itH ~ which Il coin, And sitn. .0tO, nm ii
hsnk notes. ,hn. showing that thty have moro
country. Of tho eHo. NOD on u c.i,, ,he
harlr, nrcofdlnE ~ tho Hnnk.rs Nngnsins.
hnd si7h.nO0 mn. and Tho rcopl~ t3ab ii h, On1 |,
showing ihHt England uunres fnr circulation
about w " roln among the people Tor every NJ
held w Tim EAukr, and thAt thc hanks hold
~ned
II W f,lluw tho example ~ England. W.
must have In the country NJ least 4asN " coin
ttt Every VI ~ paper before wc ran resume aud
maintain resumriIon and ihe banks should
Inv. ~ least NJ of coin ~ every ~ of paper
s't,,.,,ey, and she people ~ u eoia 10 each u
n W. iake France tor our guide, W. mus,
hasa NJ list fa5O ~ coin ~ ft " isArer thr
banks shpnid hayr ~ ~ coin for eAcl, VI NJ
pal, lssnej, and thu people II least 4t. 10 of
coin u each NJ held by tho hAuks.
II VIZ follnw the example NJ utir avn catan.
u, when 90, vI~cl" basic W. ,n,ist hssu ~ of
eain t. n ~ paper the banks, mt lrH~ than
n ~ coin ~ .yaty ~ ~, ~ PAPER isHiicd, and
the lpearle VI " ct,in ~ raeh NJ hold by thu
hnuhs.
rtum The Alos' I, viii b. aeon thst. III thore
en'llitfiaa where srsslu bA@t~ ts maintained. Il
Iatsn pnsiua ~ The cnin n necessarily il il,e
hsii1# ~ iho people, and thai TIL. demaud for
r.tl., nl.ist ~ met ~ we'll ~ that III thu banks,
II. ntsi,r Al snallIp aud mNtntsin resumption.
r',rrnss W. attempt u fcsu,nc with The same
iallH ~ rnin 10 ~l,ccsa ~ exists hi England,
i ~ y. ~, s.a Inv much vii W required, As W
hasa 4HNl, I'm, ,O0t ~ paper N would require
'ltt.s and half time. that amount ~ roii,, ar
-, iIatuun, nt,e. N No take France ~ nnf
slAhhHfd, W. should require twa Nud 4 half
lihes That amount ~ coin, ~ VI NM, MN non.
II thfH iktraA H,s 'tyond unt n,sanH, lat III
fains silr evn example hfnro the war ~ihe
Hhal.sl tAtln ~ any si~als-lNsing country In
lie Mnfi,l f5 ~ euin ~ ~ ~ pats'v. and we
should then require t7bo. ,000 VI roin tn
I.deHtn AMI kenp NJ par u,ir f6uO nm, NM ~
tssIer currency, snd whom we take inlo .'pn.
sl'ir,a.io'! that EnalAnd and France have no
fafsian. debt, aud that our own country had
aat,a Mhfn ~, 4 ~pest" basis, how rAn wv ~.
ree' IL pay The interest 0n CIR foreign .IvLi
ai wi f"s,in,n Mtd maintain rIxelu payments
~ ATTY l.HH ratio ~ coIn ~ paper than W. had
befufe the war.
Tim director " she Mint gyes Tho amount
~ euin nnW III iha country ~ Al.st ti1h.O0O..
'''a' IN ursior ~ resume and maintain fHriimI,.
tlal,, lnn, II would require m addition n tt7b.
MI. mn ~ nnr present ssork m culn. Tan this
4. 'ladf M honest, san0 lnAn Muaih Tor
hininahi, aAs that either TIN hanks. ~ tho
laailu, eunli possibly accumulate thai amount
~ e,is. ~ nise year. M. nor 4 half, nur \
uHHti.Y nor us0n une.Afth ~ thc amount,
MttiANts NOTIONS Az ~ AMOUNT ~ lois
mEQutMKp.
Thu fact u, thn.e who Are pushing ~. this
srees.rtsunl,tipn scheme asr either lament.
ALL, iaierHnt " wilifu'ly disi.onatt. 1hay seem
y thtnh that ~ aoDn ~ tho people Asa made H.
hes,e shs. they ran gst coin III esshange tor
l,aist they viii i.ot want com, and, Iii. refp,r,
tllai. Will he ~ demand for II, This II 4 fatal
,ttar, Tho very law Amth0tis,ng tho resump
II q, af st,nata payments creates demand, d,
n,at'.p coin tho only legal tender IN payment
IT debts
iu.b.s may nov bc paid In ssesnbsuka. hul
TIN debtors are compeilUd 70 have Cotn 10 can
81 THUR obligations wlsenessr efrditor1 demand
II and they always do demand II, whenever
ihera i anything 10 ba gained BY - doing
aud there viii AlwAys " gain ~ tAe creditor.
n receiving eoln, - long = ths supply " ooln
patpussa. 1hnsc who 1e lAslnG their n,lsi.aial
calculations IN ihs Nsvpnsltlun lhAt tho people
VIII nul WAtt coin viii hHd themselves dis.
aslfnisiy mistaken,
The Huynnlliinn cot ~ itssif creates 4 IL.
hsa,,i faf COIN ~ which tha Government must
redeem every dollar ~ ~ legal tender nuiUs,
and by which the banks " dloyprumsnt must
f.deenl asury dollar " the national. hank nutss
II, circulation. Tho demand has already been
GRATED fuf eoln a. ray The interest on tho pub.
iIe dsli. which requires WI, ,O0d. mo- 4 ysar. A
similar demand sx'ss. for com 70 pay. ths ln.
taFsst on railroad and other bpt.ds aud stss,ks
held Ahfoad. Ano.h.r large demand II fs
custom dues,
Tho question u onr ABILITY ~ resume sl,esie
payment. i dependent entirely npoil thu d..
IliAlli and supply ~ sreclr, Ai.d II will nol do
fer ~ ~ shut Otr eyes ~ ths fArtA and figures
which Ah0N " thW maKntttIdu 0f that demand
aud tho meAVernsss VI thu supply 81 maet II.
II 0nT creditors insist IN nothing hut gold
e0in IN payment " ths tniarsst and principal
~ lhats dsLls aid Ia the redemption ol The
legal tender nOtwx, Aild w c0nMHl III sslrh IN
arrangement, than w must decide ~ " where
w Ase ~ Kat thv woM " mses our indablsd-
nsss. Where sFs Tho millions " business and
sufktnE man, ~hn have ohlieAttnis rrslIn.
t,lnn them amounting ~ over WI, ,OO, I'M, ,OQO.
" EHs the E,ld eusn necessary ~ meet These
0IlgAtlDnsY
W. must remember that nearly I'll these dsbls
vote a0ntrActed In KSGsnbacks, aud neither tbs
daME n0r creditor he'd any other Expectation
than 10 pay ,hsn, IN grssaba2ks. II The ard.
ltot INV axAGts firm the deLt0T that which II
II oul ~ bis power 10 mHat, what but hank
tnpiey and rsi,iidAsts1, could he ssfnstsd n
followf Tho retn0sssigss creditor simply selses
lilon shs, ltttla property ths delto has. and
inksas HIM aud his family psuntlsss aud hslp.
tpss. after yeara ~ toll and anxiety. 10 provide,
4. hsss They can. home and The nscsssteiss u
life,
HAls0ixa oAkKnhA021 70 rAn wtrn oosr.
IA fatal AnitfaksleA srxtasAa ~ hAN6 nNfMM0 t6n