The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1878-05-03
tIsaNcial A.steM- Nhe ReApA Oar
HrNcNt.

ntVNlNHetFNtb W Hhc HefHf UNF6f
in 4 reccnt number II that paper. draw,
a vivid picture II The financial system ID
our Government, proving conclnsiscl,
from his standpoint that national hank,
havr bccn ,lcsnms nsal 10 the in,ecsts o
the mas~es. Can this bc successfully
contfovertcls
~ am hondholdcr. In issl I hal
1900 In gold. | gave II for Ahn, 900 In
greenhacks and gave them for flfiy thou
sand . 20 bcnds, deposited them with tbs
Treasurer at Washington. and he CAV,
mc e4b, 600 In blackbacks. lcamc home
and started = national hank, loaned the
blackbacks 10 the iarmesx, and of courre
took mortgage on their farms. Thus
In about fonr weeks after sold my gold
! had 1000 on interest. A tho law
only allowed mn In PER cent. on leans, |
hal silent partner who started nm Office
AMI advertised Eastern money 10 loan nj
I'D per cent on farms for security, and
no money let for less than five years,
and In sums of $500 and upwards. hut
my partner always charged d per cent.
commission for doing business --and the
dcposila In my bank generally amounted
10 e1O, OtM ON an average, and generally
kept Ii loaned out--~And during nil this
time my go. 600 In Washington were
drawing q per cent. In gold. | always
converted the gold into grcenhncks aud
loaned thcn, and thus. by honesty,
economy aud industry, on Jan. |, 1870,
| hAAl mortgage notes NJ 4lR9, ,thlD.
"Aince then have been swinalcl hy
4 grcat many ,is.onc farmers. who
mortgagcd me lana for more than II waa
worth. and have been heavily assrss.,l
by Tho Bankers Union for manuy for
political purposes. such ~ passing laws
to strengthen Tho national credit. No |
have hcen Eight year~ aud have only
doubled my capital, which Ii now u little
over elOO, OOO Now / cant SEQ whcrc-
IN ! have dealt nnlustly. Then why all
this cry against tho bondhol,lcrs, and
why should tho people want 10 pay ~
otf In worthless grcrnhacks and cheap
silver 7 would advise tho grcenhack
men 20 just keep cool, keep your shirts
on Till w show you our llnni. II is
trnc, expected when / bought bonds
TINT grccnbacks would redeem thcm.
but Congress has settled that question
hy passing \ resolution tAat WI should
hc paid In coin. And when silver began
~ be NJ plenty Congress nav, In its
wisdom, that IN pay IN who stepped Tor
wnrd IN the time of peril, and laid our
money On the Altnr of onr country,
would 10 financial rnln 10 IN, a twin
brother ~ repudiation. Sp II demon
ctixcl silver.
|" Now, yon grecnhack yelpers and
howlerH. Just keep cool, keep cool, and
trust 10 thu Government, and don't 70
back on the public faith. The ilrst
thing yon know ysn will BE- called dis
loyal. Now, would you not hc ashamed,
right In the face of our noble laws. 10
oiIer tho German and English. that live
away over In Europe, our grccnback
rAgs and cheap silver for United States
bonln2 II II true tho present hond sya-
tenn II oppreasing the poor ri tins comn-
Try, but they can afford 10 grin and bear
II Tor the sAke of honesty and loyalty.
II yon 20 back on public faith. and then
get into another war, W will not lot the
Government have our money. And,
further, II you 20 on ~ these outside
unimpoftAnt issuca, when W. send ont
our speakers In tho next campaign, and
crack our party whips over yonr backs,
you will leap bAck into tho traces, and
ieol ashamed Of tho way yon arr now
doing. Beware beware / could sAy
~ you much more, but tho above n
plain and ample, and should be snili-
cient for the present"