The Toledo chronicle. [volume] (Toledo, Tama County, Iowa) 1873-1924, 1878-01-10

4 nss. - = = 81 epsi.T sisn.-

Tic pfixssipsj Aha ..easidE::subjcct now
before TIE American people i Finance,
The s'gold bugs Of the East us some Of
the newspapers have dubbed those
wh6fnsfsx-on0O fd as the only meaning
Of The word coin, are moving heaven and
eazshtsdsfest everything looking towards
INSTRUMENTATION Of silver, while TIE
great capitalists Of the West, especially
the Far West are doing all I, their power
to : initiate lie acts Of King 6olo-
mon, who we arc told .'mnGe silver n Jc-
rusalem rs stones But 1t seems to US
there Is mean between these Two ex-
trenes. We would like to5scc silver re-
monetixed, but have law passed to put
100 cents worth Of silver IN : dollar
Wewould also have proper restrictions
thrown about It's coinage. SO l:,a ~.
profit, if lscTc Is IN. 5 BIS. H.
Government. We are 81 "a ewis'iop
tnAif silver was inntic 1t iyssal lep;,crand
placed en- The same, f,ciiag is gold,
Resumption weed BE practically accom-
plisLed. The .,,..;.c;,al objections 20 tlc
Band silver Bali are That il provides for
too mitch; i. e. for the reconciliation Of
silver, the coming of ''thc dollar Of the
.laddics, whereas, Silver is not worth as
much now as i; was in other times, end
ono Or two other objectionable features.
In view Of his the following rmons-
trance is being largely circulated through
cut the West. and especially in Iowa:
To the Honor a',le s, ,ato-s and Representatives
ia Conglers for he State Of Iowa. the undcrsign-
ed citize.,s Of he State Of Iowa respectfully
pemonsI.tte ". lust the eiAc. mcnt Of the Baud
Silver Ri ~ FOR fle Glowing reasons:
1. Our present system Of currency,
with the Improvements contemplated by |
the Secretary NJ the Treasury. as stated |
IN his annual report, will give US, after
the resumption Of specie payment lus
been accomplished, !, sufficient quantity |
of the best money. Resumption and The
gold standard will restore confidence and
cause Il large stream of capital to flow
into this country from the v..st money
why're loans arc Obtainable Ut
very low rates ii interest.
2. But the enactment OF the Bland sill
yer bill will greatly spoil confidence aud
destroy our hopes of favorable loans from
foreign countries. H. will Danish the
gold coin from circulation, will make
silver. an unstable, fuciuaiins d2pie-
ciating currency, the sole staDdd d of
value; will bring uncertainty N all our
money transactions, will injplc .ne in
terfs!s OF every consumer, every laborer, ,
every producer, every deposition in saw
ings and other banks, and every c editor;
i will catse great nnnnal losses in ourin- I
,ernationai COMMERCE, and really dam I
'ge our national holog It's consequent I
y 4 veay unreasonable cilange OF curl
,Ood currency sgstcm to bad one. l
s. The Baud silver bill is an offspring I
# dishonest dcsirs IN numerous debtors
o get rid Of u portion Of their debts !.
Without paying it, Dmagogueism and \
ignorance. perhaps also corruption in e
ONE places, ar, fostering these Gcsi,es, Y
nder Whose harcsui influcl.; cs .his great
nd wealthy nation IS drill; ing to Az az
,mrt Of rSbbing more Than FIVE b:.i..ons %
citizens of ir just claims 10 gold p
ollars, or Erccat;.cks, which arc, yundcr IN
he promise &C redemption made January w
It'll, 1876. cid uEaer the legal Lander act :
February 18th, 1873, convertible into
I'D January1st, 1870. Such claims to u
I'D dollesa, due January 1st. 1919, for J,
Dor dc. osfts In savings and othe: banks.
r loans and saIeR, made since February
tb, 1879, amount to more than $780, W
.. 900, OF which the Bland silver BILL in re
nds 10 deprive their ownc.s, though th
bstitlting Therefore .notier obligation, o,l
4 agreed upon nv The parties. But be-
use under tiic Constitution OF tho Unii- !,
States no ersoa cnn be deprived of Ill
property without due process OF law ed
! because the enactment; OF The Bland -
is NOT q due process of law. wc think, "
It that bill. as far as IL IS made appE q til
to the destruction Of vested lights, Is inn
tccrtnis'y Is palpa- an,
violation Of justice and morality. and ~,
'uld be rcpudiatcd by i-onest and intel guy
mt legislators, who will not serve ant
rely Tue interest 81 dishonest jo6bcrs pas
Of &c owaess Of large silver mines. les,
Respectfully.