The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-09-05


ns'tps IN. sisun~oo Ins. s.a...g
By tho csnsns 81 is7O, Tho vsluc u
tl,e issm products. including additions
~ stock, Ii grat ~ 1,1OO. .OOO. mo. iii
other words. the yearly interest due III
the United states In about one.third of
Mll Onr agricultural and stock pSoduc.
tions. snd ont VI the other two.tlirls
tho farmer u expected IN make his
profits aud pay fof the cost NJ produc.
tion. The fssfu wages for 1870 land
prices sud wages are fss lower now than
them only amounted ~ lJlO.OOO 100,
IN other words. we pay 10 the non.pro.
dmcSrs. the cOrmorants who crunch the
body and bon~s of the peopIe In their
remOrssDess teeth. nearly three time. ~
much ~ ~ tho sons oi the scil npon whose
broad hacks IN sl,Ased the whole isbric oi
our social, financial and political pros.
pevity.
lint there II another item thst tho
farmer or mechanic must look II, when
hs begins ~ investigate what Ii the
msttsr 7" aud where bis profits ~.
In France the beacon of prosperity
In these h0nrs of disaster and wreck ~
there IL IN available currency of eos per
capita, which would, on the same basis,
indicate t1,GlD ,1tW.O4D0 FIR the United
States. A. result, France deals on
cash basis. They pay there ~ they 70
---anA they ssve the interest 10 the pro.
dnner. That In one great rr.s0n why
thu French farmer |. the most con-
tented sgricnltnrist In lhe world. II Ii
Why he has remained IN imperia1isl NJ
heart, bccanss hr identified Napoleon
with tin financial system, which makes
monarchy aud conrt cheaper insei-
tnfions than M xrtslUrscy III note
shsscrs. TLG scarcity VI money entails
upon this country credit Aysscm NJ
bi,sinesS; and whcn crciit begins inter.
est begins with II.
When Blerman Ind I'll ,0OO mo hid
In the United Htsts& treasury, aud the
banks t2sD. D.ttNDDtU tied Mp ~ reserves,
how tar could tho available eiDJ,OO ].
DJO. Or thereslnnts, ~ currency, ~
toward transaeting In eash tIle business
ol the United Hfaten, which amounts 10
nDt i'm. than tlutarI. Inn. .l)OO, and No.
cDFsling 10 some good authorities, 1GO,-
UbD,DDO, ,DDO PER anhum7
The result Ii saieA on Time mud inter.
ost Fifty billions u payments VI sixty
isys fair average costs the payers
t,ttJ.t .taiu.'tU u year.
Wv tie census of 1870, tho gross
profits oh the manufacture NJ raw ms.
teriais amounted io kl,7t1,u0O.MO. In
other words, tie interest which onr
business m~n ARE compelled 10 pay,
through thu ai,seisce ol snilieient cir
cnisting legal teiaslsr. il equal ~ ncasIy
One-tlIird u the increase IN value over
the raw materials oi, all ll,s niannfsct.
nTeS 81 the country, Ont ~ the otlses
| tw0 thirds thu manufacturer must md
thS cCss u production aud his profits.
| Nov y0n i.sy< ~l,.t i tie msttrs--.
interest on public and private bonds,
mortgages. Judgments. and even the
ordinary exchanges III trade. amounting
In I'll N not les than II .s,O0, INN. .Ot)O l,eS
spnum. And this Ii the condition oi
the people whom. fourteen years ago.
McCmllOeh pronounced officially 10 bc
practically mt u debt.
Tbs inevitable logic of these figures
II hard - iron, cold ~ marble, trtte -
str@l. The mnney.Iendev il absorbing
ilse wh0Ie increase III fnaterinl wealth.
Actnsliy i,1 takes an that il produced.
and lor the l,Alanes MiIl dns him DO.
msnd~ more tonis. All statistics sI,0w
thal tl,~ increase " material wealth ii
only alsOnt , PR ernt. Three PER cent
Oh ttD,tND0 U0D ,H)O. the esfimated vMllis
Ol 0tr mslTsial wealth. n N, ,lDU DfbO, 100
~ v~ry nHMS thu amount thMt, On I
totally different line Of argument, VI
ngutsd ont ~ the amount III interest
received by tlS capitalists, and paid BY
iI,~ farmer and mechanic. Farmers snsl
mechanics. 10 long - ~ hsse 10 pst
yearly = bsIlton and quarter In inter
sss. common ssi,ss sDd political econo.
my sliks swear 70 yon tbst yon csnn0t
bsys sny psOnts- cannot even hold
your Own. Yomr profits hsv~ gone
yOuS lands and yOur workshops Are
9oinx ssd must ~. II tn language ol
TN ksw YOrk Times. y0n may - veil
SETTLE down ~ ths heIlsf thal rsurev
iAm !. permanent fsstass d americas
society.
/ y tl,ers 10 ssmsdyf
I.ct ~ 80.
Paying ths bonds In Isgal-tSndss
gyevnI,aeks s,eeets more than Tho ~.
tiactiOa n more thsn 13.lnDD, ,AOO. .OOO 0i
interest .l%astn1 dslt. II nseens the ~.
tsblIshmrnt 81 bMAiusas on eaAh boSis
sDd leaves only tt,s 1t4.OOO, ,N4DO mn u
railgnsd lDnds, npogt9nHes and pSIvst4
auA mspiStpAI del,os 10 drsw istessst
1 u OoDS 01lbDlnbONnD n tntefNe1. "