The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1878-04-26

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NOTES. and the hills tnsely E,' mek
10 the rltee ~ is@sn fnf redemption.
lut ilaHt aisnns Ia the regular rhna-
nrls of bn~inrA@ entirely nnrurrlnn-
~ thu existence ~ II rsd,,sntr any
where. Nnw let II return II The orig
innl question. the readiness III the
national banks to resume, anil s.r
how nnrrcpare.l They mr. for r'suinr.
ton taxing their own reports M The
evidence ~ bnsc an opinion upon.
Thr national banks mnke semi IN.
hmnl REPORTS To IL. controller IN thu
currency. their last one having bern
nalo the 10th OF last March. claim.
ine that they then held &nl.bls. 100.
~ coin. Their outstanding clfrula.
ton u, the aAsne tune was $}2l. s37,-
WI. hut let " analyxc their report
AND SEQ the toms VI which this coin
bold ~ tho banks IL mn,le M. Til.
u thu way the itcms look
s!o!l Treasury no,s~ ......... .eAass.. ~
s ...ss sna,.. .*,t.,'e..,.., 10, ~.
6s's't ACKNOWLEDGEMENTS ~. -
N.sss.ro
cau~' tle, arr only isroinisr
+" paytst..'st',t.'s sst.,''t.t,s..tts <9.Os,sou,
Coin On hAhd s...s..t.,+4. r,s@s. yA
For the redemption liz e:,2i, 937..
Ool. But tho bnnks rcdreming any
portion ofthclr currency Immediately
reissue II, thus cxhnusiing the
snnh for redemption without renlly
reducing the amount In circulation
Tho same parties demand that the
government n deem tLr green
backs by cancellation, thus prevent.
lug u Reissue. The practice should
u. exactly the reverse OF what the
banks and the bondhol,lels demand
the national banA notcs not bulnG
nuncy IN my SENSE should ha r..
deemed and destroyed; the green.
back being absolute money, should
DO Received Mnd rolssued by tho gov
ornment the snmr ~ coin. Tho SEQ
rotary VI the Treasury attempts to
dclndc the people with the notion
that the appreciation OF RIecnbneks
II redemption. Equalization liz not
redemption In thc sense Ut the r.
sumption HGt II Il were. IN. ~, 600.
O0O. II, treasury notes, the first issued.
and made full legal tender which
wore always Ut par with gold. ~
ttAl,lishcA redemption or resumption
from tho tirst. and we're redeemed
before the government had gone
through thu iormality Of taking them
W and rAncclIuR them Mt the troAs.
ury The report u the Indebtedness
~ the country ON the lat Of the pres.
cnt month gave the public debt and
accumulated interest ut tc,2l4,OA7,.
O70., and the total means for In rc-
tlenrtlen or payment at tho dispos-
81 or thc secretary ri the treasury Mt
tl'a,S2@ .46v, The absurlity or coin
payments the first VI January 1879
from these facts ought To he nrpar.
~At TO thr inost at,lpid intellect. Hut
~" secretary asks that n portion ol
tho Rrercnbnek circulating medium
y" retained u Md III rosnminRl How
thls can be- md its lcgnl tender quail
y Annlhilatcd utter Jan. /, lH7a I'm.
dor TIN resumption net Ia enc Of thu
Nbsnriisira TINT only tho secretary
can 1athoni, To retain Il and Invest
II with MI the qualities of money by
making II full legal tender would
afford the needed relief except ~ to
amount In circulation.
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