The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1878-07-26


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elni issur n LII acknowledgement
Misrri~4rts,4l anil slllilri IN shr
snstrtn ltaAA III stsiv That betrayed
~ laak II argument nnl IT. fnNlNttf
iss tie rireitIa.k Issue hn# rapidly
GAINED strength Wv fuis,e II IL truth
ansi nrtpsstis There ate doubts. III,
number n theories which claim ~
~ remedies fni ih,.sr csil- hnl there
II Al substantial Hsf, efrrn'
among thu millian~ who
rnll themselves ursnhurlrfA
They claim that tie sas.
sfhnnhi shull issuc MI the hill 81
note eutnhes that II shulI la inaslc
If paper. ~ iegnl tender FIJI AN
debit, rnhiie anil private. anil, In
present. nn~i III them claim thnf IL
vhnll W. convertible into Il govern.
ineni bond hensing low rase III iii !
forrest
The t'r.tnhusk par'y hnA come - !
the conclusion that there Il M he.,l /
g. H. The currency ~ speech. Paper /
answers every purpose. Ut, plan \
uni notion ai y specie hasl~. IN any /
rate In this country, har always h..n
sham. MI SEARS ~ New Jersey,
we'll styled II Bankruptcy organic.
ed." A New York bank president,
the Int" john Earl Williams. tnil
the attempts II tho banks III Issue
nn,l deposit - keep ~ specie "nl. \
ways have bsrn, and I'M the nntur,
~ 'hlnrs AlNasA must H., Il failure" !,
II u only ae,ieo ~ en~lavr The
money market ~ what Chatham 7
called "the eunnibuls ~ change nj. /
ley" Nearly II hundred yrur. ago
Franklin ,lrelurd tim, where two la.
ilons Ind thu same basis for cur.
frnry. The debtor nation would 10
tho slave ~ IT. srritor.--a statement
OF which Boutwell, felt the truth
when. ON his proposing 10 bring
home from London s2O.00O.UOn OF
t,O,DoO00n Or Roli belonging To III
United Slntes, th.s bank III England
prevented II hy threatening II III iia u
10, tl,ut they would cripple every
bank III New York.
To tho lady who told her ehuir.
maker thnt all hla new chairs broke
down. he answered, In The exuci
tone III il specie hnsls advocate "why
madam, think your frIend- must
have actually snt In them Sir John
Lubbock found that only fifty cents
OF coin were used In hundred dol.
hrs worth OF business. Prof. Jevons
snyr tho Whole fabric of Enginnd's
vast commerce fests on tho improb.
ability that her merchants will never
wnni, NJ ono time, one .twentlcsh
pArt of tho gold they havc Il right 70
demand. He MISC states that, before
checks were used In the London
clearing house, olD.OOO, 900 OF debt
were settled by tho use OF ~ ,OOO. 900
OF bank bills md tl0O Of coin.
England md Francc--ihe two M.
lions 70 which gold naturally md III.
most inevitably runs, since they urc
creditor stntes-~hnvc boon obliged
to rcsort 70 pnpcr currency upon cy.
cry emergency.
The Urcenhnrk party maintains
That gold II no trustworthy standard
ri value. During tho rebellion gold
= measured byt prices Of twenty
ri our Rftai Htnplrs vniled more
thar my Of them did, except cotton,
the cause of the war. Jcyons, nfier
gold by the prIccs Of more
than u hundred other articles, snys
that from l7sD 10 1900 gold fell ~
per cent, and from 1900 70 lsID gold
rose LAO per cent, rendering the gov.
crnment annniiles and oil fixcd pay.
ments extending over this period
almost TWO and one.huli times, IN
valuable ~ they were Iii 1905 From
le49 - 1874 gold Inns fallen Jeyon
sAys, IN lrnst ~ per cont. Henry
fn~cctt fMnnuel) thinks gold has
fallen during The las. % years 20 per
cent. Prof. Jnyons further states
TINT, between 1922 and 1895 gold fell
II per cent. and between itb2 aud
lt57 Roll fell III per cent.
III. GI.snbnck movement In n TO-
volt against II system VI finance
which vests thu power 0f infinilon iii
the hands II IL few hundred bunk Ill.
restois. and lets them play Will, vnl.
lias Ut their pleasure. This Green.
bark movement In its essence, III the
assertion ilnt lie people were oom.
prtrnt 10 govern themselves. they
ID include among the points
~ 10 which they were competent,
tlr question ~ iinancc, IA we'll ~
crime. real estate, Wills.
nni other matters ~ government.
Thu prs.nbaek movement II n revolt !