The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-06-27
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fsth furahs $hifsA ls@s l~sr sa T1*wssls
sisvvn ~ arsaai ssreisrnes that the fnes
ssastl : slr ~rtlA W N. overwhelming
sspnsasenre
1lare u tttiain mtans IA vra'ihr
rpea sl.isauaeni ard overwhelmed IL
,lsia u meaha which Assiuns have
aasaar9a, ~h,rh wsils,eisns have NJ
proved. shtrh statesmen have aashas
iy.sl. ani which u to-day shr ~~lrrte.l
method ~ rnehsining thr rvol,ie h.
tHsr~ II tniliing nr An Asistorrary nj
hanahnllrt~ and .srin,tinnisis. AMI ri
sneh.finH the uuvsfnment Ia Tire lsefs
ustnal t.tsitnsle NJ national hslA,
The hp,harhilis have had Int ane
msans ~ getting rich hpnas1 The
heal II the house wat lorn In l1t3
lir ma.lr no noted advance lii hia Tort.
nnrs until the Revolution III lisa
From that period he hs~'am. dealer In
tsuyrtnmcnt bnnts.
lie raised family ri sons; each oi
them gave up his liic 10 tho bond buai.
ness. Thr world fnrnishcs no parallel
either ~ Tho extent or rapidity with
which they have accumulated millions.
Today thc richest families on the globe,
counting their riches by tho thousand
millions, they Are the moncy.king of
civilization. bonds have made them
rich. Tho Way In which II WAS done IL
ensy 10 explain. Take onr own situa-
tion In 1864. We had been frightened
into the issuing of bonds instead Of H.
suing grccnbackM Wc put the bonds
ON the market Tho Ialc Robert J.
Walker went 10 Europe as our Aecnt 10
negotiate their sale. Between tho Ger
man and English Rothschild houses he
sold something over *i00,0OO,0OO of
United States bonds, interest payable
In gold. The price obtained wAs IL
cents on tho dollar. Fixing the amount
at slOO.OOO.O0 and ba~ing tho calcula-
tion at tho price secured, aud We find:
Tho tlnsernmtlt realized s..,t....., eisaisu.tsu
Thr Government paid ~ share. ,...,.a atln,tNu
The Nothschild houses invested
&iG5, 100000. and got our bonds for
300, ,O0O, ,,NbD, making III . single trnns-
action S235, 100000.
The bonAs ARE the londstone around
tho necks of tho people. The way tho
Rothsclilds have gained Ii the exact
measure of the peoples loss. They are
attempting 10 place the United States
in tho same dependent scryitude to them
and 10 their policy which England,
Austria, Turkey, aud nearly all the mon-
archies OF Europe occupy. Our bonds
should never have been issued. II was
monstrons fraud 10 make the tax
payer obligated 10 pay sl0O for every
Sll thu Government received. lint, hny.
ing been issued, they should have been
paid In grcenbacks, the moment they
could 5e paid, BY the terms III slc law.
Such. however. Inns not been the policy.
John Sherman, nidcd by all tho power
of wealth, sustained by NIL tho corrupt
and corrnpting Inducements of the
money power, has rcissued, in few
months. s7bO, ,OOl. .ttDO ot bonds, NJ as IL
render il impossible for the Government
or for the people to escape for thirt,
years from the bondage IL interest and
10 Shylock. II IN thc boast Of tho Sce
retary of the Trcasnaly TINT our credit
Ii now beyond all luncntion. ana superior
10 all cAyil IN the money markets III the
world, mud he declares II a. bc lliA policy
10 fund all onr bonded indebtedness into
new iper.cent. bonds having from thirty
10 tifty years to r,ll.
lie Ii also determined, let wlmt will
come, to redeem thu outstanding green.
hacks and either money obligations of
Tho Government with The specie now
piled away IN the treasury. We have
about s5OO, ,OOO.tO II gold and silver
hcaped mp III useless idlcncss ~ d con.
stnnt threat 10 redeem tho only truly
national and truly satisfactory currency
the Government ever issued. And vet
tho people will not take the specie for
tho grccnback. rllcy prefer tho green.
backs TO gold. They will not consent
70 give up the paper money Of tho l,en.
pie 10 create bonded nfisturrnry of
tAx.excmpts.
!, II our credit In 10 nnunestioned NJ ~
place our obligations at lower rate III
interest with foreigners and with bank
monopolists thar those of any III the
European governments II IN because We
meet our engagements, and possess re-
sources placing our ability beyond NIL
question. The financial world rccog-
nixes our ability. Everybody bnt our
selves rely upon our credit ~ fixed.
But tho Secretary Of tho Treasury.
while hc knows - well m any man In
tho United States that labor Ii without
employment, that wages ARE III stMryA-
tion rates, that every kind of prodnc.
tion II being sacrificed vi rninonn prices,
that NIL kinds oi property IN fast being
swept into tho hands of thc rich from
| thu hands ri the industrious hy fore.
cloaurcs, Judgments, and forced rales.
all for the want of m adequate cur
rcncy. yet keeps on contracting and
contracting the grecnhack. and At the
same time expanding and expanding
tho tAx-cxcmpt bonds, every ono oi
which ID plunging the country and the
people deeper and deeper In the slavery
oi dependence.
Tho lsotl,schilda represent the bond
trade and the bond power. They are
masters " every monarchy III Europe; !;
they would become our masters, and
they will succeed unless the people rise
into tho sovereignty 81 their power and
declare by thc Eternai!" tho bond
nwindle shall end. Tho whole people
would be beneiited by All issue ol green
backs equal In extent to all tho bonds
which tho Government hns the right 10
call In and pay. The whole people arc
cursed and taxed nnd overwhelmed by
misfortune, by the more tllnn infamous
policy ~ expanding our interest. bearing
bond debt, aud contracting our non.in
terext currency. Currency Ii our life-
blood. Bonds are the vampires which
arc eating out the worry substance Of our
existence, Tor tho bcn0ft ii the rich, the
exempt and the privileged. Bonds
make fortunes for the lsothschiltls; /;
bonds make our national debt. Cur
rency makes wages, gives employment
10 every industry, stimulates every I'll.
tcrprisc. will kill tho national debt and
revive prosperity In every household