The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1878-01-18
TnE FINANCIAL QUESTION
The Real President.

R643aH wv ''Ht8HHAB iHI'fsA
N IL possible for Two or three gentle.
men IN this country who hold 10 lnlit.
icnl place. and who seem 10 DO divorced
from politics. while sitting In renplend.
ent apartments and idly sipping cham.
payne. 10 impose, hy MI indifferent wor,l,
tax of sW, 00o. 900 per annum upon tho
producers of tho Northwest. This IL III,
enormous power for unofficial men IL
sioll. II would seem TINT The product.
i've energies II great people we're really
III Ill. hands of these two or three voters
who appear to take NO part In the mink.
ing III the lava, nnd who would, there.
forc, y" supposed ~ be- powcrless 10 I'm.
pose a tax affecting the welfare Of the
vHsi producing rcctiona ~ The country.
but what II these two or three gentle.
mon happen 10 hc railroad Presidents I
Tho proposition III made Ia make the
rate 80 much. the other two gentlemen
say Very well lct ~ MAKE |, That, .
nnd In u minute the thing IN done.
Some othrr Presidents were assembled
III New ynrh IN Saturday. They were
gentlemen IL whom even railroad lsreHi.
dents must take OIL their hnts, They
occupy the throne, They preside osri
transportation not only, Int oil trade.
They own tho machinery Ivy which MI
the business II the country il conducted.
II the frrmrr hiyv pillow, or the wash
etmomnn Il loai III Tread, Or tie proiec.
tive taril nun a. tla reHnmplionini /,
Congressman, ar n few patriots n Seerc.
tnly .! tilt Treasury, III. nmniprcaent
Finger of these gentlemen IL somewhere,
somehow felt. These mr. Presidents al
bnnks. They wert holding meeting
two days ago In New York, the city 81
hanka, nnl 81 bank rule. They adopted
some resolutions. They nrc nH follows
Rfsnfrsd. THAI, W view afthe LII naW under
confederation In Congress. which proposes, "
fleet. to snpeirsde th. .stAlnR law requiring
tho REDEMPTION vi lesslieli notes Ia god
nuin I'll and after the lat III JANUARY, lH7N, hy
making 1ilynr dollar. ~ ii2ls grains 4 legal
ssaniafd fer the payment Ut nj. debts aid
neasuf.s ~ commercial operations In tho
United states. u II the duty ~ hsuk officers ~
ettioaa'e itniuf. What effect NJ important n
change vi tlc circulating ineli,im will lHsr
,,l,pi thc conduct 81 general busiauss, and ppl,
thh faHieellsu Institutions uiidar ihsir charge.
AID What Practical mfnslfes Ii ans, can b.
TIN MilDNn decline which Will inevitably follow
thu liaesa u tie bill Ia question.
H*tdffd. Thai A copy M tluHu resolution i,n
t.l.rfelahud ~ tho clearing huus.s ~ boston,
Philadelphia and lisl.m1re, inviting bank mi.
,srr t,tlc Ii consider ihe SAINT aud, III urarii.
aalio, 10 stud delegates 10 attend our Meeting,
"wednesday neal. With yiaa 10 mutual ronnr.i
mid concerted action.
II, eu'e,d. That the FRI sid.u,e ~ trust cem.
rahiuft saving. baths aud lilo insurance npl,l-
I,an,s ~ this city he also Invited 10 attend
IT, same meeting and 70 participate Il. ina dr..
CUSTOM
Il Il proper for citizens IT, assemble
themselves together and adopt resoln.
tiuns designed 10 Influence the action of
III. naiional Legislature. II IL easier
iai bunk Presidents Ia assemble ulan far
the people, Int there have beer, aomn
gatherings 81 the people ~ give express
tion ~ opinions on tlis topic. VIZ don't
know how mnny met ut the eoIeaurse II
il,e Tank Prcsil"niH, hut In thu West,
when meeting I'll the people IL held
and revolutions mr. adopted III this
topic, thu resolutions utter the s.,ica 81
two thousand. tiiren thousand, fonr thou
snnd live thousand people present, nn,l
81 i4nny more thousands nj people who
afe not present, The resoll'iuna ~ tie
people nrs exceedingly unlike tllere rcpo.
lnti.ns III the bnnk Presidents, Int tho
fnet TINT the Presidents 81 slle banks are
driven u the extremity u meeting md
Adopting resolutions nj NIL In an iuIira.
tinn favorable IL tIie people The money
power hns usually accomplished its pur.
posts In the dark.
These r.solmtionH u the money power
null THEN nntllurp ~ deserving II some
attention.. The Chairman oi the com.
mitt.e provided for In the resolutions IN
Mr.. GEORGE n. Coe. lie must be- the
very Co.. that propose TINT the national
banks and John Sherman execute tho
Resumption aes hy taking tlc Govern.
nicht'a gold, the little II right have, md
nsing Il ior banking purposes, and then
lending ~ the Government, gu COOL col.
lascr.lr, tho ability ~ i,snnle. The
national banks were not oni, 10 own the
business oi the country. bnl iir GDy.
eminent itself. This cW must bc thu
President III the New York Clearing.
House. whose members nrc NIL opposed
~ Nh "inflation III the currency, al.i
aru nRonizlng for u " nonnd medium u
exchange, reCeemable al any moment In
gold. and who conduct exchanges 10 .he
extent II Ell 900, 0DD, 0OD annually, hiin-
ply nv swapping promises. Mr.. WIN.
A. Camp. manager III the xaine clearing
house. was Secretary vi tlIr meeting THAT
adopted these resolutions. He Il tho
mun who records tile fat thnt the mn.
chime III which he Il MI officer iniiates
the currency in Ibis city till itH exchanges
reach gu tOD,OOO in six hours, al.
most ~ money changing hands,
AMI H., too. howls 1T the millions III
people in thc West nnl South who have
10 clesfipg.houses. and who lick tho
for the conduct III business.
He IL III favor ~ gold. u wipiug out the
srfenbaoAs hecauno tsluy ase ifreaeem.
.tle.' III. a!s Tearing. house u es-.