The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1878-08-23

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mailuas - lswiars 4 HE t.sali, fsssta ,hs
obvious fvA~nh thai ffosn issi II isssa the tsls.
mss was tune tHinrspails un essdal, fastwd un
w ~ lAfk rnstsmey reAsFmAhle In vup.
Whereas. sn i~sss shete Nas ~ ahtlnasnse IN
currency IL a. business. ami ~ mees.tsy vi
make delta. all eunsniAlite. rssllsl he snld fus
cash, Ihessfsfs Il tv1ated Al etlotmous con.
isArtina ~ fuses the credit sses.ni ,athe raau
Try. A. contraction MAS carried IN es.sln saa
substituted until II csma h. the bursting puin.
in tsTg.
III order IL alarm Tho pearie aud ptesvns
them fr.m demanding their rights III ! hs,l,.
nccied frun Ipliltes, IA having thsir n,uttev
made full legal sensivf aud receivable hy ihs
Government IN payment ~ NIL slnes They tell
them that Ii that Il DOM The rssrstary ~ the
feasut, Will has. to buy c,in ~ ray iusefes.
On the uullie d.ht. This dsns. When the
Treasury notes arr t:ee.sxble far tarin dnes,
speculation In enn will ceatc III afiee, as Il hsS
been gradually faiiing nn r,ev the ruuluiictis.
Atien of SILVER. All dollars l,.lng ulua, Ia tyr.
forming exchanges nothing can IN performed
with any asllar other than exchanges or ID
loan to rome person for that purpose. Tho
paper dollar heing -o much superior H. the cuin
dollar III convenience, all active exchanges will
bc performed by il. The enln will Had liz way
into the Treasury aud hank vaults. aud ,hr
Treasurer III the United Mates will have more
gold them than hc has NOW.
This cry IL III Hold rim. ~ yev,lTc legislation
nj III own favor should aiafm no one. A.
II Ii now, tho member III our Government
pAy the debt due 10 tho firm IN In own
paper. The hfm refuses 10 Accept iis owrfnote
ON tho ground that II has contracted to pay 4
particular debt Ia: h particular kind of money,
therefore, In order that thu Arm may ha ~.
lirved ~ tho nccerslty and cxpenye u pro.
curing that particular kind NJ money, they
Say Id thrir partner, "Wo cAnnol receivc onr
own nots Iii discharge of your obligation ~
us W Ara compelled to ask yuu III scll uilr
note aud bring IN the knd ef nlutuy w have
promised To pAy upon thi. special debt
There In mot Il tatr.minded business man Ia
Indiana who would call that MI honorable
transactions.
have given the subject uf thu expansion
anh contraction NJ iha cu1aney much attrn.
tiOi,, and. Ill nigh | have hetn denounced ~
MI inn ltlvnlsl. II har bccn tho st,tiy ~ my
lifo how IL avoid this result. lhii,.inn-ur
expansion. u You please robs tlae creditor u
the imitation takes place After the dubi III
made. Just NJ contraction robs the debtor Tor
tho benefit ~ the creditor II done after The
debt Ii made. lIonort payment N the pay.
mrnt " drld In money ~ thu same yAluu m
that In which thr debt WAS created. | have
tried % convince you that this hnil.st payment
of creditor and justice u debtor cannot 10
maintained upon \ specie basis. We want y
hAcd amount of paper nun.y. male and hcpt
In circulation Ia order that j,istieo may be-
done to both debtor aud creditor, that bilsi.
ncps may 10 dome with nlote certainty,
ion ash me how mneh muiley thu Govern.
ment ought 10 pnl unt. ] have no hesitation
la HlynE yOu my opinion. khe ought ~ rul
ont every dollar of paper mnnuy that shn c,hl
krep II par With coin, and believe III. tunld
keep ssn per capita, which would give ~ from
stsS OOO, ,0n To 1000, ,0UU. .UOn III taf With enin
II sho would give II MI ille esedit rhe can by
making II full legal tender, and giving u hil
tho paying unaition she gtsu. 10 coin. n All
amount NAs fixed by Government ALd II WAS
found 10 liz too great 10 10 kept Al par with
coin, ~ond adopt thu policy suggested bs
MIR. jefferson In 1871. | would nlun uussrn.
nlcnt loans. and taku the uuyrrilinent legal
tcndcr nnta a. ! would coin for hatdH. A
government TINT does not Keep In circulation
the lsrs.# quantity ~ paper money posAsLl.
10 he kept si par With entn. NJ ~ 10 itye ID.
larges It price pnssiblc Tor lai.ds and labor aud
commodities III roin ur paper ~ its sulinyalont.
~ W to glso tho largest price for labor and
commodities and thu lowest interest. duer nut
look after thu trn. interest VI thosu that pft
dncu tlau wealth. II commodities sru auld
for paper. 1T labor done fur paper or
c,n oithrr. Tho Paper and elin Ielug Equal Ia
value II they had Sold for on.sauarlur VI
one-half more than they would hlinr " It'll Nh
ulistlnted amount ~ money In circulation. the
Huld thu. received for I'll pr.f, red by the
seller thnth being uunAD - Nurth just NJ
much ii sent abroad ~ though lin man had
worked twu days ID get Tho rana amount, ur
aoiA twice The amount u commodity ii .ai II.
1u sAy that any civilized commercial Govern
men. has her values based upun coln l. false.
They all have paper money, aud most VI tlseni
have that paper niuney legal tendsr NJ fully
m coin. France. England and l!,,rsiA have
made their paper money \ legsi telldes. Tho
paper money on France and n,,-sIA !. not ~.
aicamahle. Ihn paper of England II hut,
hcing legal tender. ihe sKnlr ~ com. every
dollar that il III circulation gives sAlno u com,
modities and labor. just ~ kold would do
ThAt Ii lust NhAt VII mean lii our platform
when WI demand that thu Government alone
shall isriie money, psper ~ we'll A. enn, all
INA IL legal tender. We mean 10 reduce the
value ~ coin by having paper rarfs.m pre.
ctnuly tho nAu,u ttl1sr.