The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1878-01-11


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which II mns fftMmv will. srnss III shsm
hasv saii, W. exhausted WA tlnt ,lay wv
tha hulisf. ~ t~stiiArasss ~ ,lepa@al anil
lsNnis which have svhs forward large
atnannts N nut.x fuf fesitfalstlssfl. Hipi,
the Ruli having Thus hrsn Transferred
III thr hanks, anil shr iFvHsnft having
agsain snsD.n.iesl. the iime will hasr ar.
riv.sl for renewal III profits an sairs
IL gnll Nv tllnse hanks that MY have
happened III present thsir demands lii
Time. What the effect IL new @napen.
sinn by ih. Government wonll hc un
,hs price uf rald nune ran rr~litt, ~
40 une II allie - pr~l,ei the duration "
the suspension.
Upon what demands ,lo We propose b.
rcrnmr gold payments? Over G,nn,.
Oul. NM III Rfccnback@ OVER N,Ni,uOu.
O,N, of hank noter. have herr tspron.
,inue the list Mr. \. Dana Horizons
work on silver anil gold, In which iini
sonc things from whirh 10 dissent anil
much ID commend but the fseis I'm.
bodied In which have neen most ears
fully complied. II gives on paRe ~ tho
drht statement for September. 1915.
when tile national debt was ID 2Oa. .vn2,.
6l6. The nominal amount II untrtanl.
ing State securities In given NJ anont
A5ta, ,OtA1, 600, III railroad and canal bonds
about N, IN, ON. OOO
"ucntlsmcn may say Why. the pa.s.
ing of this net .lNs moi mature those ub.
ligatinns?' = No, gentlemen. IL .lo.s not;
and 10 not pretend ~ assume TINT tlc
conversion of NIL or even of consider
able percentage of them will he sought;
bnt when yon remember that MI those
securities nrr marketable In our market.
II natures NIL of ihcm tint may br held
hy foreigners who can a.li,l them home,
have them Holi, and draw Tor tie pro-
ccedH in gold. II puts onr tipysili
mcnt In the attitude uf lultiing
i'srlf np IN the reservoir IL goll from
which all its creditors md tliose ol our
people land they nrc ~ be found in ev-
Try civilized natlOn) may draw Tor gold
when they need or dcsir" II. Tho nct
does make payable in goll tho deposits
In our national, State, private ni.l say-
ingM bank., which amount 10 thousands
os millions. II puts upon the gnlJ.pny.
Ing basis nll bouk.nccouht., prnmitrory
notes, nnd mortgage and Judgment
debts. II piles mp such Nh amount u
drht ~ no nation has over undertaken
~ pay In money based on single metal.
Aud with what ,lo yon propose topay its
dold, | know. What gold hive your
Why fiyc resolutions, ingenion~ly con.
trive,l ID extort information, brought IA
the fact TINT In July u tlic long session
ot the last Congress ihc treasury hnl of
rrnl gnll III itN absolute disposal sl3,-
mn, tDOO; Tor In tho amount of Roll
named hy tho treasury In monthly debt
ri atements wc have bonds retired, bnt
which have not bccn cancelled w have
coupons paid lint which lnye not gone
into account of coupons. The major
part Of the gold reported M In the
treasury Ii paper gold. againnt which
pnriie. have claims, or paper which tile
Government has pail and not yet found
time to carry into acconnt and cnneel.