The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1878-09-06
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snmsa N ths tAhls& II ali ~is~Sss, Isrm
she highest ~ Tire hnmhlses, shsvsarhnns
THE wufld. lAk~wiNx. IA shall rsssne tss
lsasN thai rnf descendants will wunsles
hvw ~, their fufyfathsfa, esuld fvFassi
ihtaf iasasstr. indispensable er~nt~ek
a ruisoa 10 W. ssuisl~l like The eisr~
rohtsmn~.l iemasa. and ~ drug II tle
lcl,iiesl rhatins~oreia 10 he arAsingls
narsi nnly fnF slw rnfe ~ nAtionsi lin.
tcmrpra, even ~. In nli times, sncAs
was claseed nowhere hut among the m.
terra tnelica for the cure II fcl,file coln.
plHinss.
Popular prejudice and the want herr.
tofor of favorable opportunities have
shns far prevented nnfr lhah limitri
recognition III The fart that paper rnf.
scncy can, under CERTAIN conditions, hc.
come of permanent. of inestimable vAlnc
to The political anil industrial economies
of great nalior The general imprrs.
sion concerning u II similar ~ that IN.
scrtainel III 4 nn,seons medicine 10 liz
reluctantly accepted ~ remedial agent,
bms IL bc gotten ria II m quickly ~
possible II only 10 confirm the con.
vAlcarenee ~ the patient. That this
prejudice, this nnfavoratlc impression,
should mt exist wonll seem strange.
indeed when W. consider the ciFrnm.
stances which have invariably inspired
aud attended thc appearance of paper
currency: for there arr no wctl.authen.
.icaird Instances III government paper
currency having been issued except In
great national emergencies, except when
the political existence III the people was
NJ stake and every other consideration
hal 10 he subordinated 10 the para.
mount ono of rcscuing the vessel of
state from the pcrils of surrounding
shoals and breakers or, II not ~ crit
icAi, tho emergency has always been
sufficiently grave " arouse those seri.
ous apprehcnSions which are thought to
justify reH0rt to paper currency ~
ono of the last heroic methods lett for
avcrting Nh impending general cnlAm-
ity, kind III (,Nwarcan operation that
sacrificed everything for tho prcscrva.
tioh of the parent state. Thus u II not
surprising Tho people should have been
led 20 .ssociate the presence of paper
currelcy with the idea of there being
something abnormal In tho condition IL
tho commonwealth, aud 10 deem the
absence of II a snrc indication III na-
tionul wealth and strength.
II should, however. lN borne In mind
by those who aro inimieal N tho uae III
paper currency that the tissue III II upon
The occasions above referred 10 implica
for II no inconsidcrnblc amount of yir-
tue; otherwise Ii would not have been
rcsortcd 10 NO frequently i'm means Of
safety In times " danger, md therefore,
II beneficial upon ocesrions when MI
kinds of money. not excepting gold coin.
aFC tho least capable oi doing good. II
follows that proper knowledge of ils
inherent qualifications onght 10 enable
IN In times III peace 10 make II Quo ui
the most illrient Anl valuable of allen
rcncica. |, should also b. borne In mind
TINT the H,rrc fact u pnpcr currency
being pnt forth In senrnns VI general dis.
trust and nneasiness wasila very natural
" cAufe IL, however inifinsicaIly good u
might be, to acquire tho hAd reputation
attached 10 In surroundings, nhd suffer
thu same yirixtitmdcs 10 which NIL other
things are then subjected, and therefore
II In neither just nor logical to condemn
iss nse during peace and prosperity
merely because II has heretofore hecn,
through no fault of its own, associated
with periods IL anarchy and ruin,
Nor should II bc overlooked that pa.
pcr currency hnS bccn more often issued
by those who were incapable of proper.
" using II and of coniprchending its
Legitimate Office than by those In whose
hands II became m instrument for the
accomplishment ~ mnch good. People
with M outer crust Of civilization, ID
conceal the inner mAxs ri their barhar.
ixm anil ignorance, have, monkey like,
initiated their more enlightened fellow,
creatures In this IN III other respects.
with no better Idea of what = paper cur
rcncy really II than dim, chaotic no.
tion that II IN Ia some Aort tho OiIapring
~ a combined modern alchemy AMI
necromancy, whereby, through the nse
III certain cAbalIatic characters, ordinary
paper N transmitted into precious
metal; whereby m ounce ri dried pulp
II mctAmorph0scd into IN ounce 0f vir.
gin gold. Under such anspicc~ and bc.
cause II fAilcd 10 meet tho cxtrAvngAnt
expectations of its protectors, this cur.
rency rapidly came into baA oslor, and 70
tainted tho AnanciAl atmosphere with tn
violent death and decay. ~ n NJ.
terly disgust many of tho warmest
friends oi monetary reform. am
fain 10 reluctantly admit that cven In
this land, this parAdise oi tho pcripAtetic
school master, there il, In certain quar-.
tcrH, concerning thiA subject, ~ much
beniGhtetlnrsA ~ exists III thu minds 81
the uiu.t ontwardly poliahcl of barbaSi.
ans. Publications supposed 10 reflect
tho intelligence of their writer's ventilAte
opinions about the nature and character.
istics ri = paper currency that remind
ono worry much VI thOsc which wcFe NJ.
tered when the feasibility ol using steam,
d. propclling force wAs under discns.
sion. Among other objections was ons
from very learned writer who demon.
ssratcd. with tho aiL oI tho highest maih
cmntics, that. owing ~ atmospheric
resistance. the faster 4 locomotiva went
the slower u would 70. Many of tht
objections urged against = greenbacl
currency Nrc of this description. They
have \ potent influence upon Tint larry.
elias. which never rcllccls aud always
accepts whAt u false In preference 10 iii
truth: hut there Aro other ohjcctions
which, because ii the few grains o
truth scattered through their mass q
errors. pcrvcrt minds thAt DO think; AM
II III Tor tho bcnoht of these Aavc Ii
till. paper cndeAvorcd ID point on
whore tho iew grains of truth. made Il
serve false cause, really belong, NM
what little or no connection they hay,
,vitt, thn errSsnt faats NJ aink., Il Till,