The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-12-12

rfsss vish she Mage a ~ iiesl
ssah, AIR 8tsRssis ssmasAsssh ~
sheit tF*sisHs III a The Ansatlsi aass
sians ihs sisFA h W. paragraph
saneNlHe stsaHrtlah. ~ lsss veytt
rf.ts issssss NJ Ia slslss, ssss
1T ths esess IA ~ tss#I .sas
sneseis fltlasss,tsi ~ a. harr a go
lNIssA hssasa psses astt ~ Aia uHt
a ths't'A atasHs usssa tF4lstpv i u
sissnt ttutHaitRMt
tnsthei IN IA she Satire pfamf
anslst tie hHHsi "A eleNai iettI.t.,
he snss
"a The fttlfrnpns Tram rifralh
slun III United Nsa,ea neiNs. wish sh
capacity IA iwrul srisirf HI private
contracts. |. Il step ii, W. saksn III te,tt
ttpxfvs~ ia . fait amt static rifiivhts,
whiph thunla be assrsri A. We
t,ullrs mil siHss IN wv. t.assiniunh'
nni The lnsattsi and Are'liiss ~ lice
vrnrl~
II wlll ~ remembered that M. H.
publican rtr@s N thu We, ,leiu,l'ri
IN fvndrfs with thu fal.r assurance
Tint thr administration favored rnn.
slnnlhr The present H,naun' N green
hack currency llatH, xA,tws,i Nj Wv
rulNllon. tn srrnnd paragraph w
the Message, ~ Hl,usr. Shove that
abatement MAS without warrant of
fact
HI, VI II. reni anil compare sh"-c
two extraordinary statements ~
III. first ~ arr Informed thnt thu
people have given yor!y millions NJ
dollars more ~ roin tnr green bnrks
thnn they have demanded ~ coin for
ihe redemption ~ .rcchharkr. IN
thr SECOND Mr. Hayes tells thu PEG.
pie that their interest and security
requires the retirrtnrn, " the Uni.
ted States notes from circulation
IL seems IN III that Tho FIRST state.
mcnt Ii false or else the people nre
grossly ignorant VI what they want
In the paragraph under the head 81
public credit" We note III" following
sentences. which for convenience III
reference W. number ~ follows
3d--"Thc amount of tho national
debt, which mnttlfrr In lcws than two
years. II t7g2. III TOD, of which ttAN,.
INN. mo hear interest mt the rAte III
per cent"
4th--"ft IL believed that this part
ri the public debt can be- refunded
by the Issue u 4.prr.eent. bonds
and by fhc reduction ~ Interest
which will thus u. effected about
I'll DON, 0tD ran be annually saved Y
the treasury"
6th~-"Tkr amount of INTEREST savcs
annually by thu procGss " refundlnt
the debt since March ], 1877. Il ~,
W7.i77."
The secretary ~ tho treasury pay
tho annual interest, and now lei y
see what says bis report Just mad
10 Congress. W. ARE aware that VI
sherman claimed In sp~ech In1
summer that h. had reduced the M
nunl interest burden 10 tA3. 900 ON
Mr. Hayes should not In his MessAg
repeat thIT clcctioneeting faIsehoo'
III addressing Tie people, aud thru
ih~ pLAix DrAlrn. W. alleged lin
ihc interest charge for 1870 would Il
tiOt INN. 1sE,. and correspondents 4
tho tfe~eo Times. mud others, hon'"
us for thr assertion. because Jon
sherman IN his Portland speech I'm
tniI differently, MI, Sh"rn.nh'N ~
tieinl report nov before ~ and y 4ny'
In giving thr expenditures Tor I17'
for inicrr~i ~ ihr Iuil,Iir dsbt slOj
Wi. ytp. "uyrf one IT, N niliiv
Iii exerr@ " orr @tni.Hnhf " WI
nIso be remembered tint W. nIIcR.
~ annual lnernnse ~ interest sinr
the commencement m Sherman "
sumption policy. Now lsi ~ look Il
this statement a moment. eoinparIn
II with thu ssrrc.ary's figures. While
Are ~ follows
Interest pail for ~. 4 97.l2s.5iih
/" ~. ln2,htsl, t7l.d
j" 70, id5.327 .DlD.0
Jlc men and clergy who wen
about TIL. county Inst Fall maxim
Atntements bnscd IN John sherman
eIeeiioDrering speech, were p"riAi'
deceived, the President who make
q similar statement with tho onlcis
reports ~ his secretary accessible
him giving fl,e above figures has y
excuse Tor his inIsstatninents ~ fact
4 rcnson ~ the increase 81 inter
est In the Increase u interest bentih
debt. We copy again from tlie r
ports 81 The secretary IN confirms
tI0n of what VIZ ail~pe, ~ follows:
Total interest bearing debt In
1877 ,.........4s.... ti,7ii ,hAA,A
1874 .se.4..t..,t....s, 1.70AsIjbtH
1917 ....,...... t.9Oi,7lG,l II
Thus In two years ibc Inicfe,
bearing debt bns bnen incrsnne
1iHg. WI $40. mud the annual in'efrl
charge has been Increased about ~
(DONOO These facts would ~r1in
AuRgest 10 III" most ~ mankind ~
the government i hotter stop r
funding In debt AiL W ~ rnylt
II instead.
Tho trfifeiLrnt ~ funding n
9rrrHbncks ~ recommended w y
president In the 2nl i'nfnRtuI
would add e;tlG.aHt,.,OD ~ III. bnn'
"a dnbt ~ | 1i3,tAEl,Na i the ai,',n