The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-06-06

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,he amount III INTEREST I'M people stv
rcmrr,led u pay ~ .hr sonda nron
which n n based. Already, tAs IN
aMsttts VI ihr roMMirv hare r~d+rm
~ srsrv bank He,s III rts~Wlaiton, II,
vo,d: ny r~yias aimee iAsss, ta1A,'
Un.Mn u prld interval on the bonds
hr,d ~ thv government, ~ security
eor the hank circulation. Tho gov.
eminent Furnishes thc A~cnrtty Tot
hank note, ana tho people rny ths
banks fur using II. No ones dcnic,
hut ~ isns, III .ssn. 0n, uuC u currency
10 necessary for this country when
enterprise h In IL full tide u sctlv'
ny. II the compcsln. grccnMrk wA'
out ~ the way. there Ii not the lens,
doubt but thc hAnk currency would
be- Immediately Undated 20 that sum
or more. Tho great issne now Ia
which kind u paper money shall
prevail.
The hanks are determined 10 drive
out all competition, that they may
have the benefit u TIN entire circu
lation. The ure~nbnck party l,
equally determined thnt the people
shall have tho benefit u II, Ivy allow
Ing the government " Issue III,
whole amount, and save. not onl,
TINT amount from taxes. but forty q
nifty millions every year Of intcrcs
which they will bc compelled 70 pm,
on the bonds upon which tho banl
notc must BE- bascd.
The pecuniAry stake NJ Issue be
tween the Orccnl,Ack party And th,
bank party II tl,0O0.O,0,OOO cAsl
down, and 10000. 900 y year for al
timc To Como.
II tho OrcenbAck party wins, i
will place III tho control ot tho gov
crnmcnt, FREQ OF cost. In lieu 1T thu
amount 10 BE- raised by taxation. ,
thousand million dollars, to be phi.
out and disbursed among tho pcopl,
Ia payment VI sAlarlos, supplies AM
current expenses, froc from interest
~ give life and hope To labor, and 4
revive and vitalisc tho prostrat'
limbs OF industry.
II tho opposition prevails, the gov
crnmcnt will losc the t300. O0O, O0O d
grcenbacks now In circulation. b,
being obliged TO redeem and retire
them; u perpetual bank tax Of fort,
Or nsty millions year will b. sad
died upon tho country. and 70 &C.
thu d ,OOO, OOO, ON u bank cMrranc,
Into circulation, ta,O0O ,OOO, 900 o.
property will have 70 b. mort9n9ct
10 tho banks, and m annual interas
Of not less thsn olOO. O00, 100 pnit
Thorn, time without end.
There In another consideration o
no loss Importance than those u
ready alluded -. In connection will
this matter, and that II the polltlca
danger of dcpriving the people Q
thu right 70 control - important an'
dangerous power ~ the monctAr.
prsrogntlvs. and comforting 4 upo'
= hereditary and alien dynasty
There Ii more truth than poetry 4
tho declaration that "moncy IN pow
sr." He who holds the purse, com
mands tho sword Of any nation, &n'
nIne.tcnths u the public debt, whic|
constitutes the foundation u on
banking AyHteln, u IN the control
foreign capitalists, who hate dcinoc
r.cy, aud flourish best In the soil q
imperialism. Are tho people Z
America prepared 70 surrender thei
sovereignty into tho hands u allen
mud tyrantsS
1 Homo ono objects 70 tho grcsnbAs
full legal tender, because Il II lrrs
dcomAbla AND claims the superior
" Ut this bank note because II Ii n
dcemabls. Money Il A. for nothln
else, II can ~ used Tor no other pr,
pose while II remains money. y
matter Of what II u composrs
Money II creAtcd to pay for labo
and debit. and 70 exchange commot
ifit.A. and nrctla rcden0tiOn No mos