Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1878-10-09
SPECIE PAYMENTS.

UnlteO States Will pay the Dearef TWO
dollars, we didn't say we would pay
it ON demand. As said at the outset
of my remarks, we issued $5O,OQOOO0
of demand notes the first year Of the
war, and we found, owing to the un.
certainties of the campaign, aud the
doubts and uncertainties of the war,
we might not be able to keep that
promise, and when we came to issue
the greenback we didn't say we would
pay ON demand. We said the United
States will pay, and that meant that
the United States would select its
own time-when it was sufficiently
out Of trouble, and dangers and trib-
ulations of the war-and we did get
out Of it, and we got out of it by vir-
tue of the greenbacks and one year
and two years, and three years, and
four years went by, and five years and
six years, and seven years, and eight
years, and nine years, and ten years,
and when we got to the tenth year we
said these ought to be settled, and we
said the tenth year after the war, four
years hence, on the first day of Janu-
ary, 1879, we will pay these green
backs in coin to who ever wants it,
next New Years day, and the United
States is going to keep that promise.
[ Applause.l
n n
You are mostly farmers and you
have never sold q bushel of corn or a
barrel of pork in your life excepting
on
cnrryrY DAcro
Nor Is there any man in Iowa who
has. Let me repeat that; there is
not man here that ever sold a BUSH
ell of grain or barrel of meat in this
State except on a gold basis. You
can't sell it any other way. You can't
make trade in breadstuffs or meat
tomorrow in Des Moines or Chicago
without knowing beforehand the
prices and state of the market at
Mark Lane and Liverpool. II you
have got your produce rates they are
rated by the prices which are in Rus
STA and other nations, and ] under
take to say that to-day the manufac-
tQred articles in the East for which
the pork and -four are exchanged
have dropped more heavily than pork
and -four themselves, and undertake
to say in reference to cotton goods
and wooden goods, that you never
saw a time in Iowa when a barrel OF
-four would buy as many of them.
Cries of "Never!" "Never!"
My friends, we have got to-day SO
we are on foundation of the worlds
money, and we are buying to manu-
facture for export. We. can COM
pete with the old world If you will
give us the same currency Of the old
world. We are smarter people than
the rest of the world-a greater peO-
ple-we are more energetic, enter
prising people. We are to-day rum
ming race with all the great nations
in Europe in fabrics. We are selling
cutlery In Sheffield, cotton goods in
Manchester, and watches in Switzer-
land. This is to your benefit. There
Is not a single fabric made in the East
ern, Middle or Western States, that
goes to foreign ports, that don't
benefit every man and if we stand on
the money basis of the world, in
which we can compete with the rest
| of the nations of the old countries, we
will be great manufacturing country,
and our wealth willcome to us from the
four quarters Of the globe. You may
quote the high prices of 1862 for pork
and flour, and ! say to you with con-
fldence and absolute certainty that
that very year you couldn't begin at
your boots and stop at your head ex-
changing your flour for as good a suit
of clothes as you can to-day. You
couldn't do it. You couldn't buy q
calico dress for your wives and
daughters, you couldn't buy a
pair of shoes, and you couldn't
sleep under blankets, you couldn't
put sheets on your beds, you couldn't
put chairs in your houses, carpets on
your foors-you could not buy any
one article of domestic use as cheap
% to-day for exchange, and it will
get still cheaper. Let me tell you
little further: You keep on this gold
basis and there will be continual
tendency to decrease the price Of man
ufactured articles more rapidly than
to decrease the value or price Of ag-
ricultural products. When I was
coming up here, the other morning, /
saw down here ct the neighboring
town Of Ottnmwa great pork pack
ing esta blishment in process of erec-
ton. A gentleman told me 1t was be-
ing put up by an English company
large enough to pack 5000 hogs day
they were to lay in 100000 tons Of
ice for summer packing-they are to
run the year through-they are to
pack the meatfor export to the Eu-
ropean people. Do you suppose that