The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1878-05-31
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sas~aia y = Ne@sas !. ssss = ssss4rsae
sAase = t~ys*aialss - tis~s - ~~N v~lss
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sAte ,*rsw4 sulnm+ " s@fgsis we 4.
sHsfHl& "A t,~stt f~suia W. mssnsssa.sss, M
fAsnssRsls. = sssesls nssau~Ai manss
s~Hla w. y as~~a uus 4 esr~isssra
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esa N shr stss, Nha sAss~hy r~v~te 4
sH.a..'ss rAair aHd 'ierss~sAae W. sNlae "A
III snfHmAlitssA IAT rNtsv~ suiwsns IA
stt'h hAiinnAl mrnst 0wnlA Aomi ssss
stanfis IN ths haHds "A tlss ininstssal
rssssss, ~ VI unrhsnwsahle standard
tHsastttv VI snlnr. MhA m ssea and nm.
IaiilIF supply a Tire lite .sssinR sslemsns
" tsnslr anil rrmm#r~. rsirss III I'll
rusnmraisie~ wnmld rmMlh rsnan~rs
si~ls slsa.ls. Amt the ipdasisiAi elasss
~unii res'iye thr fnll bsn~si, " th.if
lMlnf.
Tile rapital wonld receive no inisrres,
and brndhnl,l~r would b~rusnr a. nNc.
lrrs NJ ,lsunvs in 4 i,ee.hive.
sni,ac. amt rntsr Noasg. - The nrs
ri printing hNH h~susne ~ nearly perfect
that paper money ran now l,~ made In.
eetnrafahly superior to any money or
currency Tint has RIVER bcen In ns~. II
j. light, snsy b. transport, not subject tn
lo-s hy abrasion, aud In every way ten.
foll naura convenient and economical
thnn metal money. uolt anil silver are
rnmheftuMr; scnrrc In nNtnrv. extremely
'inctnniinp in supply and consequently
~ commercial pficc: posseesed III value
enough In thr Afts. when thry arr money,
.o cause thvm ~ hc drawn out ri cirrs,. |
laiion In snii1eicnt ,lnaniiiicA 10 tlernnre
the price III all othvr commodities, and |
thereby divert the rfoAts III labor from |
the rcaniy store of Iii. induatriAl classes
To tho ovciiiowinR coilcr~ oi spccnlators
IN money. Gold nId silver coins are |
subject 10 4 heavy lnss hy abrasion, and |
they cannot ln used In any large com.
mcrrial transaction without paper rep.
re.cnsativc. We must recognize the
rcli.evi.lent fact that trade and NMmmcrcc
have uvcrrcachcd The power of exchange
IN metal money - far 40 steam has bver-
reached animal power In transportation,
Congress should accept the Inevitable
nj once and exercise that high conslisu.
sional prcrogative which giyca Il power
to coin paper dollars, and establish them
IN u standard measure of valne In dc.
fcntc of the liberties ot the people.
The money TINT measured tho value
of the life blood of million soldiers In
worthy 10 measure tho value III any and
nll other commodities. even 70 measure
out the inserett ON tho plumber II a
commune of freel,ooting bondhollcrs.
True National Money. = Let the Gov.
ernmcni ishne directly 10 the people, In
exchange for NATIONAL bank notea, Gov.
ernment Uonds and necessary supplies
fnr it1 support, 4 volume of paper money
fully equal 10 the entire demands of the
internal traie III the nation. such
money should I've made n full legal ten.
der for all debts now contracted and not
made payable by constitutional Ian IN
coin, and ID should be made an exclusive
legal tender for all dcbtA contracted
hereafter.
No stronger redemption qualities can
br given 10 any money than ~ make II
n full legal tender for Nil debts public
and private, for then II would bc redeem.
able on presentation In MI the commoli.
tirs of the nation including goll md
silver.
Limit the utume ~ Money. - The
representative value of the total volume
of national money should be permanent.
" fixed In the national constitution upon
bAsis of not less than $40 per capita.
A.. 1aA. InAt
s,,cli money to suit tho demands ri trade
III brisk mud dull seasons. and 10 pre-
vent spectators In money from locking
II up for the purpose of creating
scarcity IN circulation, and thereby re-
lncing the value ot All commodities for
the purpose of speculation. there should
be issued with tho Government notes,
mud M n1n.rircnidfiny portion III The
national money. regisf6rtd cert .fcahs
ef deposit. bearing 4 rate u interest MT
exceeding u per cent. per Annnni. and
not sresedirg In their total representa-.
tive value oae third oi the total repre-.
sentative value III the national money
notes. Huch certificates should hc Ia.
sncd In series and III small tlcnominn.
tiOnH, and be- made iuterfcrfibir with
the Government notes through tho prin.
cipal postoillccs, which wonld thereby
make tlictn convenient And secure In.
ycstment for the small surplus earnings
II thu laborinR classes.
When \ scarcity 0f money occurred
the Secretary 0f tho Treasury at his op.
tlon, or by the duly authorised requcat
ri the Chambers Of Commerce or thu
Boards ii Trade III two or mOru of the
principal cities of the United States.
shonld lM empowered and rrQuirM 10
suspend the exchange u tho registered
certificates for 0Overumcnt nOtus, and
call in the outstanding certificates by
lot and series. until there wAs no longer ,
scarcity u moncy In circulation, and
then resume the exchange of certificates
for notes again. Whenever any series
vi the ccftifcNtea were called in. the In.
tcrest thereon should cease ten days
after tho call Was duly published, and
the interest should not lc resumed on
any cerliA ate called In until II had been
returned into the treasury, aud had
ngain leen exchanged for notes. Isy
limiting the issne II national paper
money ~ tho actual demands vi trade,
mud compelling every one 10 exchange
labor or commodities equal In value 10
the representative ynInc III tho paper
money before u could bc procured, then
ils Hfiiiy would impnlt 10 II exchange
able value equal n all times 10 its nom-
inal valnc.
Aa.G5 registered bond made intcrron.
vertible with the Government notrs
might answer TIM purpose of the regis.
tered certificates imosl intcrc0nvcYtihlc
men have dropped ~ = per cent ELL:
but they wonld have - bc limited In
their issue the Mme m the registered
certificates. An unlimited issue of 1tis,
Or my other lon,la, would gradual,
lcah IL thu conversion III 4 considerable
portion of TIM property Of the wealthy
classes into such bonds for permanent
investment; and In few years the IN.
tion would BE- saidlcd with debt which,
wonld require all thc protits u industry