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

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ss,nal amennt ~ twAels. rlsee the faFmes
eaiksl ius NJ intstv@t. willie the latter
~uni |, witsin nstesn yrAfs, exses IN The
SHAPE III Mansy 4 tribute fram thr earn.
inpA N the people equal IN sha ensirr
bonsl.~l debit. Mnd ~ wunId ssill awe thu
ieht tl,wt the nuii ins~frAt tNAFshE
rrrenh~rk wo..M ultimately not ~ 4
Hational ,irhs, Int. like kold anil silver.
wonld become a currency. carrying With
il ~ many blsn ings that The c,mmnnisy
~"nli rtrfnty futhid III withdrawal.
even though thu Washington tr asn,y
were illl~l with gold anil tina. II the
nation did wish W regard the rrenhacks
m Il debt, and rcsirel Ia pay il olf. tho
feat uld he much more easily aud
speedily accomplished than II II we're 4
|. .,n,led debt, since the usufy exnctesl w
llir latter would In sixteen YEARS suffice
10 retire every Er~nback dollar.
A few leading journals of the,iay goo,l-
naturcdly opened their columns 4 the
ventilation VI my hetero.ox and bizarre
opinions, ~ they were then deemed,
more, however, m sourcc ri amnse-
ment 10 their readers than with any idea
that even the writer could scsiousiy en-
which had oveitakcn our Continental
money and the French assignnts.
Whenever the advocates of m excln-
aively metallic currency are har,l pressed
by tho a.lhcrcnts of national grecnback
.nrrcncy, they retire upon tho CoLti-
acnial money aud French aasignats IN
lpon two impreg fortresHes whence
hey may assail their foe with impnnity
mi in perfect safety. They can 10 this
because the upholdcrs of n grecnhack
currency n,e obliged to admit that both
he American AMI French paper money
,ame to gricf---an admission which seems
% carry with II an acknowledgment that
he gr,enhnck curreLcy they 20 arlentiy
ia open tc d similar disastrous
experience. Hoth sides arc led nstrMy
~ common error: the one openly
,roclaims and thu other secretly
,eli, ves that the Continental money
lnd French as.ignals came 10 nanght
BECAUSE they were paper money hence
he hard. money eide cuntid, ntly flourish
lie lamentablc financial experience of
,nr f0rcfmthers and their good allies, in
hc faces of their greenback opponents
10 tinal. unanswetHble argument while
he latter, more than hull asserting TO
vhat seems nm incontretable historical
ruth evale the i.sne by falling hack
lnun the fur greater inirinsic merits 0f
liz grcrnhack over III earli.r protp'ypea.
Tow. neither the Continental moooy nor
h. French assiRnats falltd because they
rere paper money, for had thsy been
old md silver, while the rest of tho
vorid { cDgnixcd nothing but plper
money, the result woull have becu the
anne they failed because neither marion
van In that condition ui social, mental,
MI y ,lltical industry aud commercial
!evclopmcnt which - essential 10 tue
utilization of snch currency.
What currency II cowry shells IL 10
implc barter, AMI what metallic cur
cncy Ia % one of cowry shclls, ~ ism
,aper currency 10 metallic one; each
aarks higher grade of civilization In
he masses " thu people over those who
n condned 10 the earlier, 10 the more
methods of Representing values
MI oi etfectin9 exchanges. Thns II 10
vilent thnt those who support tho
currency on the ground that II
! inirinsically superior 10 the Govern
aent paper money above referred TO, or
D any other Government paper money.
assumes Mn unstable position which IA
'oscs them ~ attacks not easily parri.u.
II really there IN very little distinction
them, ccrtaiuly not enough 70
tnrrant the substitution fnr metallic
urfency of 4 grccnback ono IN prefer
nc. 10 any other Government paper
apney.
Oa the other hand. thu grceuback
nppofters will intreneh themselves IN
u imprrgnable 20 itien by taking the
r,,,nd that the superiority rssialcs, Mt
! the curren y, but in the clvihx .t,on
:. II the meut..l, Aocial nnl political pro.
rosa vi the ucople, who, because Of their
rogrcss, require snc', Aeurrency. This
Ill at nae transfer tho discussion from
that in little better than suu bible
hOnt thu relative merits u III. currrn.
lrs on tho score of thu materials with
tliirll they arc composed, mp 10 the
ipher plane where il properly i,elongs.
tho relative conditions Of
coplc who can prop .rly and prufitAbly
~ suc., " currency, anl tlloe who have
lilc,l Nh will fail III the attempt.
III our cagcrucss 10 proclaim the AL
antagos s!cr,vahle froia onr greenback
arruncy We should be careful not 10 ar.
,gate for u tho distinction of \ grand
.nAcen TINT ought 10 be universally
iopted this IL simply imp p4sible /; W
inst conine ourselves ID demonstrating
lat grcenhAckA are IN M eminent de-
re- tho best suited for 4 pope ~ .
frtain geot raphical position aud pro-
rcsNivc condition. aud that We, II no
lhera, fmlhl these requirements
WiILi.M HOWARD.
lHiaLbrIenIA, ~.
Fhlsky Exploars and Kills = Hay.