The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-09-26

VI a. asHs# y - sssea. yas@
Mere than sassesn yes~ Nvr. ~hsn
the Nssirnal n.Ml hall ~ss nnlrt ~
rasssnn III Cnnrt~ss. MI rsllamss. IT,.
tyaislir~n. irun Nvsmana referring H.
she nla United States Hank, ranamssts.si
na sss downfall IN the following lan.
euaev Wv. sis. whs aii that ifssisn.
siun sa ,ie~n, ~. rNthrf, Why was j, utl
renewed and enlsrve.i. and aaaiara II
the condition ~ the country u was
lwvnase N was said IN he a dangerous
,sslitirAl rnrine in the hands ~ vhai.
ever political p~rfr existed ~ ths
time. that II would lr nrtsi aN great
machine iu the different States hy thr
tasus which thc Government would
give II. os the rpntfol which they
would exercise over N; aud ii was dan.
Rrrcms, - n wAs sAi,i then. and think
II waa ,lemonstfAtir. III thr rll
United States liank furnished we'll.
grounded Apprvhcnsions ri lts danger.
nns lnliticAl tendency ~ political
agency with a capital Of s3s.uuN,,ssn
permit mr ~ ask gentlemen to reflect
for moment on what sou have got
here. with S:HN. N.0ts0. 600 III capital, with
J.OsN banks subject ~ inspection. anil
10 lr troubled just ~ mnrh as the
head of the Treasury Department
plcAscs. II they 10 not supper. his
views: or 10 receive fasors Ivy way nf
being made repositories for the public
dues. and thc Secretary having thu
power to appoint agents aud clerks
nd htiium. do not wish IL enlarge
upon this point NJ NIL, hut 1 say this. X
= Secretary oi the Treasury can hc fur.
niahcd with these powers aud chooses
10 use them, he must fc very hung
ling politician IL he cannot make him.
sclf President any day"
When IL II noted that John Sherman
cham pioned tho National Bank hill
through, that he II The present Scrrc-
tAry of tho Treasury, anil that hn Ii 4
prominent aspirRnt for thu Presidency,
tho significance of Mr., collnmcr's r..
marks will lie appreciated; and IL ex.
| plains In great measure tho nnrclcnt-
ing and selfish course III John Sher-
man, upon whose head. more thnn any
other man, rests the otlium Oi thu
American people. he having for amhi-
tiona and personal aims inflicted upon
them sorrow aud wretchedncss hy nlak-
ing himself the instrument II the Shy.
locks, who In return arc 10 repay him
by using their great power md iniln
cnce 10 elevate their willing tool 10 tho
Chief Magixtracy III this great nation.
1 Most " thu bankruptcies, .hc sni-
cidcs, the degradation anu deprivation
among tho poorer classes, and the gen
crnl depression III industries Which have
hung like funeral pail over this fair
land Tor thc last ten years have been
brought upon IN that tho ambitious 10.
signs of one man might he gratiil.l
May God deliver I'M from amy further
rule of such prrsonagcl
Mr.. Collamef further sail; Then,
putting n In plain English, ynu pro.
pose 10 hire these people TO 60 into
these associations, take these bonds and
deposit them. They are ~ pay pr
cent. on their circulation, and yon p.y
them q OH their bonds. will call Il
per cent, though II IN more, IN the gen.
tleman knows, because tho , per cent.
they pay In currency, md the u pei
cent. VI pay In gold. The amount oI
Il In this. We nay 10 them. II yon will
do this 10 the amount of $sjOtl, ,0Ntl. .Oen
and pnt ont notes 10 thu extent III .'tl
per cent. oi the bonds, We will pay yoi,
Ala. .00O. 900 In gold every year for 10
ing L. You talk about its being III the
form of bonds, hut that does not alter
IL at nll. We are ~ enter into that mr.
rangemcnt with them. II they take
their money, buy these bonds, put
thcm on deposit, inHne paper 10 tho
extent oi yO per cent, Of those
bonds and circulate IL, and pay
y per cent. on that circulation, wr
pay them q on the bonds that liz.
W. pay them / PER cent. ON the bonds ii
they will do III this great service
There is al there Ia about IL. Yon
may discuss II ~ yon please, aud use \
great many financial expressions and
schemes. hut that IL the English of Il
that II the simple common sense of il.
Instead III circulating that amount of
our own currency upon our own re'
sponsibility and paying nothing, W. arc
10 hire them 10 circulate TINT amount
of our currency aud pay them $i2 2,0OO..
OO0 year In gold for doing II. and W.
Arc 10 be responsible for Il after MI,
That Ii al there IN Of II. Yankee ~ !
am, ] an unable to perceive how Il u
possible that that can I've good trade
Tor IN, Or how any shrewd man would
ever think of entering into IN agree
mcnt of that kind" BsanN dsoKas.
nosA,Axtt. Ia~A, Aur. W. ts7p
Mmst Have GrecMbnekers In tNMgrtss.
Thera cn., tAC nn kuna ~ i, norrxAskif ~,