The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1878-03-15

- feAas8 mAss*se2* = NAs yssas~
tss~ ~ Nj ~ sAs*tsw a tNs&## 49,
AMsa IL NV ~ MAAssa "A sAs asaaA n
N e*AsAAsss - Assesses. sssAsH y
NsNssv s~s#a 49, saswss sss##aass.
sassh y. fss~*sfees - sMw8sk. = 4
- - s~44ss ~ s#sstse# sN AHswAEs
V~~ss#Ns st# sesf~sr "A ~ sssa A4a~sa \
seSs s~@A "a - @@s*sEssa ssa~sHsx -
ts#Hs Nj tNs 8Asss*a* II sss r~aesss*
~ ssssa s*ss* - M II - ssw*8asss n
a~setss* " &sRsHas tEFi II i sssa& sAF1s
s*A shss ttvwsF*s "A lssApas W~a #Ases#
~AaFA n t@s assswsal#as II NH - ~
~ Atsse*se~. xstA u4s A*s saA sAA
se~ j. tm*vw>As&sas s4ssAa.lsA ~8asA a
T. -, r~..~.. M 's~. .,ns.l .',''.'s' ,s'ss..ss
m**s A#s sisMts sss~nssAA MAssssa u ~
NssAtst sas* HHs sh@H tisss ss@sssA
n oppressed 49, tu@*sft~ssHM ssssls
Wv sAt tA~Sssse &fmss~s ~rsssstssA \. sa#~
N~ssst " en&Assr smaMes tfss. ~
- s~~sstst~ttsnel hmsss flmvA afss sew
se*lse n tAM8sem W rsvttssN4 sAst sisii
NJ s~swss, Aes~ Nm inrase~ss#r rs4
N4sss< ~s*r fa1AsaAAss II s~sA~ ssss
tAsAe h~s wWlA AHa sss~t sxAs ssssA ~
rstsw~Nt N sisas*, w she STsstt "A
W. rMx4ssmtsun. Ihs Nsmses. ~
sh# rxM&sAsMsssM. ~*t~ fssssAAsItn Al
"rssn MssM*t.@ ~ Hs~At 1Alss
n e&s~ss. 1ha rl@s~@ IA shp
NNtA s~~sssa II w Assa rttseae n ,he
s~s~sessHstsss snees sssa NJ possibility IA
NV ts~s As~<ssr~A sssssm N na.n~r.
Wish III N shs sv~xMsssuNs "A sie ftvAss
" ths neMoxs thss atv Nassl in ils eaNass.
tAstuA the ass4sths II rlAiAls snsllsssssAl.
N ~ MSM~d M unsslA. IN Ns~s r~sh~assa
ANh thAt Nv fvtlrtAl tlusstns~ns l~#,
And Aloa~ hee, the vualsA IL il.~ lssn~
~ snes~y. The xis< sisrsatra n ihs Na.
r<~sar Cpuss n the Cnllr.l States il sAnt
th~ usmasem n NsN ilnsiexsl III roll nnl
sslv~s N w MAILING N monty. Ii r@n
msh~ csfsfws - ntcksl .f prrsssiaerAs
n"ssvy. There an thups wlu ssy that
thsFs n mn earfvea Anihersis tis,n HI
Cnnrrss IN sh~ runssisnsspn III lnatr
grid snd AilvvF rven iesml lsnslrr. ~
y nsAa~ leeNl.t~n'srs Inv ~ afy tit,si.
u tAia h ksAhtrd, the r,sssitmloasl right
- make rth~s things than epla ~ silver
leeNl lrhsl~s svAfa un ihe asm~ grounds
With th~ right ~ tnsk~ svvn thssa METALS
lavfat moaey. Dnt thr highea eontt
hAa aetiled this qw~stlun. TIE t,"~vr
~ mako mOnes inhtseA In the Federal
OvvefumenA and lhe Conevsa has powr
~ slesrsmine what ahall II mnnr,.
Our O0vefnmene haa always nss,,m,,i
coatfol ol oar currency, aud slways will.
This II Why that control shonll l,r right.
Theirs have hsn really thsre ,iietinet
phaeoe " our caSreecy symlrm. The
flras Congress under NE constitution ~.
tablialled tlse bank ri llse uM.tr,l States.
Certainly hai waa resu4nition III ii,a
lart that Me cuntsul IL Tho eufsrncy ~n~
placed In The General Oov~sument. Tho
laovernmsnt could give il away. Ito
United States uov~sMnaent Vas itself in
the banking bt,sinesa. This bank wns
dnriug Alatlison's Mlminis-
lrAlion, and WA The basia ri our curren.
~ syslcm till tho noble veto of Andrew
Jackson. Then came tho era of State
hanks. They we're tho baAis vi our .ys-
lem 0f finance. For twenty. y.cight years
prior 10 1900, under that regime, We had
4 .'spccie lpAsis." II was called n "sounl
financial system" II WINS ''hassl money
Il waa the epoch III State hHnka and
solil basis hut tl,c ststistics show TINT
Tor twcnty.six years prior 10 iH,O thip
bnsis wAH IN cents III coin ~ loo ccnlauf
pr,mise outstanding. Tho average OF
III the banAs of the country presented
This shO~ing, when little corporations !.
over the land were allowed 10
make rooney. aud when men looked nj a
= bank.note deteclor" before making
rhange when selling pound of sugar.
Ohio notes were looked on with Kntpc.
ion In Indiana or Kentucky, and "w,ll,
rat hanks were always possible.
The next era In finance In the United
States cMmc with tho war The H Ate
banks were taxed out VI cxistc ,ce, nnd
she Government made one-linlt ot the
money of the land (mAic millions more
VI bonds legal tender and Endorsed the
remainder. II made grcenbackH and
snthoriscd the issnc III nationnl.bank
n0tes ~ "war measure, nnd ~ eoax
,he sAle Of thu Government hond..
However vicious thc national -bnnking
'ystem--and II II flnancial hcreky--it
ms helped 10 perform ono work In our
history that ID valuable. ltx
adoption helped 10 place tho control Of
mr. currency where " bclopEn- tho
FetlefAl Government. Tho war pointed
mt thu path 10 the American system of
insnce. The direct necessity forced the
'ystem on us. II stood the fcst 0f war,
md " has stood thu test ri pcaCr farbrt-
4.r than u endured the war. Even the
National Bank sct was nm advance step
u our financial story In that II carried
III of the c0ntrol 0i our currency that u
,ot otherwise carried 10 The Government
Il The United 6talcs. The Congress
nm now handle IL - u could not prior ~
$40. The third epoch In our currency
ystsm--the present onc--is that IN
Which Tho Government makes half u
be money and indosses tho other half.
me nrxt currency epoch will l,e that In
which tho Oovesnmcnt inslossea no
-n@1m- AAA nHAl~n n -