The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1878-03-08

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tssslsla wusp sIa, ami raid Alune VAS The e4in
In witch t~Ah rAs,sss I. ihs enuisaet afvl,s.
ssss,d that tlr hni,ds wenld l.e pati 1iu ~
% s",si. uttered into Y. naIk.ss of ,he
hsd greatly deprecated. and ~hsn no rn,
wnuid have Tough, sheta II u had tesh undsf.
atusNl thai llfsy would ~ pail In salsrf. hr
sutn NJ s1xt, ,tsHl. rfU uf thssu lss,tls ha. icen
sp'd dnsing iny AAia,lnidfaslon fns gold com,
slad the thiiad xtatea vsrsisth thn lehrfit III
the tsle+ Ny reduction n ile rate ~ inter.
~ ~ laef cent. During tho wugrtr- III
these sales doat, wAs snrgss,sd ~ 10 the
eain la xhleh i~sm.nt II thssa lnnis would
lie made, The public announcement VAS
tLsf.lpun authorized that II Was mol ~ ls an.
tlrltAted that sny further hesislAtien VI Cun.
Eresp. or any action ~ ahy department ~ The
slosesiinust, wenld ranctinn or tolerate ~.
dsmitiaf ~ tho principal III thesr lond-, W
payment II interest tl.srcn,,. III coin u ls.s
sklue than she coin authorized by Law q tho
time VI shp ~4tie uf holttlr, beiug the enln ~
acted by lhe Government IN exchange Tor thc
saiie.
In Wow ~ thaas facts, II will he Justly r..
EArdsh ~ grave breach Ut public faith 10 uil-
siertAke to ray these bonds principal or In
tercst In silver coin worth IN the market less
than tho coin received for them. II IL ss,d
that thu silver dollar made legal tender By
Tits bill will, ul,der IL operation. he e1niya-
lent In value 10 thc gold dollar. Many sup
purtrIa ~ tho Lill believe this, and wonl mot
ln~eif, an attempt y pay debts, either public
n,ollcy VI tho World. Tho capital defect ~ the
bill ~. that II contains no nroslsioh lro.
tecttnK from itk op,rA Ion pre.rxistlng debt. III
care tho coinage which II creates shall continue
10 ba ~ less sHin. than that which WAS the sole
legsl tender when they wete contracted. II II
II HOW Iroposed. for tho purpsre II taking nd.
vantage u The Depreciation 0f silver In pay
mcns II debts. ~ com aud make 4 legal tender
n,lsafanilAr ~ less commercial sAie thnn m,
dollar, whether " gold ~ papel, which II now
lawful muiisy iu Tits country, siirh i measure,
Y will harsil, ~ questioned, WILL IN the tudg.
nent VI mankind, w M not III hAd faith.
A. - vi dcbis heretofore contracted. the
silver dollar should bc made legal teiAkr only
n its market yalnc. The STANDARD u yslua
should nol he chanAed without tic consent ~
both rsftiea a. thu contract. Natl nal ffprai ~
should be kept wnh nlinehlns hdelity There
u 40 ppwsr u compel q nation 10 pay ita Just
d.bis. IT. credit depends Oh lts kannf. The
iai,ua owes What II las led ~ allowed ~
creditors ~ expect. r.Iinni approve 4 bll
witch. IN ~. Judgment. an.lorxss thu sioa
tipn II sacred obligations. Thu obligation IN
public faith ifailscui,da Atl questions III profit
~ public advantage. lts nnlnrsllotiablu n,Aib.
tenanre i. thu dictate A. WILL III tho highest
sal,edltnry ~ ~ the most necessary duty. and
should ever b. careful, guarded by tho Esoeu'
tive. by Congress, and by the people.
II II my tirtn e,nvieiioi, that IL the country
Il 10 be- benefited by silver coinage II cal, u,
dul,e uuy by the isst,e VI tilser dollars of full
value, which viii defrAnd 40 man. A Aeiirrclcy
wofil, less than Il pufinrts ~ bu North will ~
tho olid dsfranh not only thu creditors. hi, MI
WIN Are engaged Ia leKitlmAte business, Ara
nois nnfe surely than thu,. who rre depend
ent on ihsis DALI labor fof their daily bread.
IT, II. tiAfEs