The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1878-12-06

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- aeiins IL rel,l. alone. wttn tn
prize. II sil senmWtl,A hasr hrtn
fsaiuesd n ls.aee 'n.ls
Hall IN N. ~nf hsss,sss ~,f. l.aurs,
isrfarr TIE rismiAn - enla had
fs,Arhrsl III s4sits ntnsstl
Mhas whntfs,' unls ~ millinn
sintlnTs In wei tHsi,is hal la'.,, iss,rasl
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itaan'h ,l,r rlsrlmnl ~ stll ai,nhr.
81 ~ ", cents.
July. isst lee than ~. third "a thu
~nf hehda had bern l~site.l, and the
premium nn gold had advanced ~
isa r-nts l..r surrendered In Arm
l-GA. AMI the following month tho
premium On gold declined t. ~ cents.
There was no risk IN taking bonds
th~n. nor during thu ncxt four year,,
WHEN McCnllorh issued over nnr
billion two hundred million dollars
In bonds. md run tie premium On
gold up while he was issuing thu
bonds ffam ~ cents "a 81 cents, lust
"a give the bonLhol,lers heavy hi4.
count on their bonds. and now they
are pratIng abou, honest dollars In
payment II those bonds shortly
after all the bonds were issued the
premium ON gold fell 10 In cents
The only risk that thc bondhol'I.rs
took was the risk II being rrn' 10
states prison fur conniving with tho
Secretary Of tho Treasury 10 rob the
Government.
Tho National debt and the interest
thereon II steadily decreasing. =.
Hayes on Sherman.
Secretary nristo~'- report. dated
Nov. ID. 1875. makes the interest
bearing bonded debt onr billion
seven hundred mud nsvcnty.iwo mil.
lion. eight hundred aud seventy four
thousand, tight hundred aud twelve
dollars.
Secretary Sh"rman's report. dated
Aug. 81. ln7s. m,krs thc interest.
bearing bonded deb, onc billion. eight
hundred and seventy nine mi lion.
two hundred aud nincty.four thons.
AMI aud twelve dollars, nm Increase
In two years md ninc months. u one
hundred and twenty four million.
four hundred anil nineteen thousand
two hundred dollars. aud M increase
In th" annual interest of nearly half
u million dollars. This proves that
Hayes aud sherman ARE deficient
IN mathematics, or high up III moral
dcprn.ity.
4 merchant may buy an,i sell III
sIx months goods valued ut 90. ono,
ONO aud not receive or pm, In actual
cash one dollar. Very lIstl. carh Il
needed In the great transactions Of
commerce, "--l'icrrcpont
A banker can make exchanges
amounting to u million dollars In ono
iay solely upon his credit and with.
out dollar. but 4 lAboref Or mr..
chanic wants from two 10 i've dollars
In money for days work IL divide
up with butchers, bakers md grorefu
To procure the ncccssuiies II life. for
hs cannot draw checks IN iii. EN-
rloycr. and has no supposed wealth
Ike bankers To check against Gam
hlers In finance do not need An,
money. they can use checks III,
sAine IN gamblers Ut = faro hank
but people engaged In honest IN.
du.srics need money issued and 80.
aurod by the government. TO protect
them against tho swindlinH false
credit and check systein Of financial
gamblers, nliAsbAnkcrs and brokers
~ y. Gd1effs.