The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-10-17

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thAs aasaWtfs naA ssssss lbs l@asFs4 ii
tsgHssas~ ntI Until s1N whsAr svsln
nessstni Hnd HnAhssai system ~ ihsst
enrhls and radically nfatmssi,
theirs. sa.ses sili vs. tls~ss. rAs A.isiA
Arl the ~hole hissns, IN Thu
snHnts usnrls Irssss sAs~ position
asuitl anl sslsvF have hrsei lven
raid ~ nsstehslasss. Whenever there
~as a ,l.naad I,a the pfv,Iuas
iuesals IT. she isss II peare anil
aa.et usamiats world. ahsn paper II
lsstsHi atAN ispfr convenient ihas
rsYld Ill silver, ttank. anil liz govern
nvni hnsa always n.sf Ftah. Vi
exchange their ruld IN th.ii u~n
paper. lsu, ~ Anon A. senr sistvh
inlllef 1T produce gambler wishes Ii
e,~nsr Il rnnie 80 ~ ~ ,i~prss thu
products II the farm. NIL H. has I'll
III " t. eiusr The siuar III some mort
hnnd hank. md instantly ~ thr flash
~ Nj. news along ihe wire NIL tho
other hanks follow the lead. RENTER.
Ing hank pnr.r " deprecated value.
ami mnkiu. n demand tui specie.
Hut hn erresr can ~ had. This Ii
not n s.lrruSisiouS rnsc, nor nm ~ !
ccrticn. 1. Ii the practice. and ape.
rio payments have kEsrn been the
r,,l. and never will lie. And the un.
IL demand AMI argument there IN
In favor Oh IL. In that some stock inh.
her may hold the cards In his hands
10 create another panic whenever he
wants to get the produce OF the
county for nALs PRICE.
"Spceic payments Il n very fin.
hobby III rifle, and a rurrLAR rELr.
sioS whsn there ID no demand and
no use for specie. hut when thc
demand comes there II non % h.
had. And there never will be- any
stability In our financial system 50
long ~ this SorTn-sEA bubble, this
will o. THEW nrMntu NJ "srcrie
payments" Il used To dclnlc. br'ruy
and imroserish the people. There
In nothing of tit IL phantom, only
10 hctrny. II In u myth that vaniSlics
into thin air ut tho iirst test as To iis
reality.
The great English economist.
Adam Smith. has said tina, Inv did
not consider gold NECESSARY Tor tn,
transaction Of business. Mansfield.
tho greatest living political ccono.
mist In America, says gold II not u
standard III values and WENDELL
Phillips. who frequently has many
truths with his rash expressions,
says, IN return 10 specie payments
| ID merely RETURN ~ nARDARisM."
Judge Campbell, u Illinois, who l.
an able writer md profound legal
aud scientific scholar says In the late
article Ia the Northwestern Review
that the attempt to make gold ~ tire
standard anil representative OF values
lis NJ tho lust but ctNSiSaLy DENIS.
III SCHEME rnR ENRlcHlNa THE PEW
MONEY DEALERS AZ TIk EXPENSE ~ THE
INDUSTRIAL CLASSES" TMk FARMER All
LAnonrk WANT NO RESUMPTION or SIZE.
eiE PAYMENTS. II they Aro 10 take
paper. they want to know that II will
never BIZ redeemed, Hnd not 10 be dc.
iudcd With tho hope thAt when Il Ii
needed specie can b. hud In *.
change. The farmer has learned
"thc banks have suspended" means
hnlf prize for his lnbor or his pro.
ducc, and tho banks never pay spe-
Gle when Il Ii needed. We nrc OPP
posed 10 my more specie payment.
II " tho only way To hnye stability
And II will cut on ono of tho mean,
that gamblers In produce and stock
have Of BEARING AND nrLLINO TiIf
PRODUCE of the country.
We're there any plan hy which
hanks could BE- placed on q solid
foundation 10 that they could r.,
deem their paper IT my time, nnd
amy law could be devised by which
they could BIZ compelled to do II, WI
would he willing, In order 10 be 81
On our feet, 10 have the cnrrcnc,
contracted. stand the terrible shrink
age In prices Or everything "
Through that ordeal which vii
make the rich vastly richer, and III.
Ipoor. very poor indeed, TINT Afte
generations may have stability. Iii
As there III no morE In this direction
| In the fufnrc---ns bnnks will only r.
lsumc In calm 70 suspend again ~ III,
FIRST financial pnnic gotten up /,
some jay" bird swinging upoI
some uncertain financial limb-w,
want no moro specie payments. EveI
Judas Iscnriot pnid ~ long ~ h
had anything In his bag, hut nLoATEl
NATIONAL HANKS, brAx.nly proclaim
Ing TINT they had millions In thci
vaults, closed their doors md refuse.
to redeem nny Of their promises
and thereby doing MI they could i
cheat tho north west out Of t25 900
ono or III. price of their crop ri pro
ducc then crow,ling the market. LIZ
III hear nothing more of TMis MOCK
EnY ~ .srEciE PAYMENT" There |
no such a thing. They will tnlI
nbnm. Ii. nn.l profess u b. rcndy /,
do II, but the first time there Ii n ne
ccsslty or II demand for tho specie
suspend Ia the word, panic II til,
consequence md the country reap
fLn hiffnr fruit