The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-10-03

F8sA VI t8& fsN fsss# ~ fMA haMAA@ 49,
..s Z. t.s'.'. ..-.ta,ss =. 4 y - g
s*s - svssrgsss* = s#sxss~e = istswsst.
sssb sAss Nv r~sIwss "A e~sssaF'tNs 80
sssst1e rsms ss~&tA 80 H. fs~8Afe ~ ssssss
,sss~asss ". asA@s - srlsse w. sss.s u
I've ssxsssssA " ssssy tssneA N swaevsss VI W.
hs~e~a Nss~aata N ~ssmfem@astaN IT, fnssk*s
I, $500. VI 49, - n =. ..s@s.'., Il 49, So
~ sasftps VI i wssa lessa A e#*A i~ssa mt&na
sssssxsAA Fsss~~ ~ AtsM .ssA.t Tts~s nv sssn
tfs<irss, Awa ses9.vssrs y 81 tnlsssess - sssa
vi IsRa vus shv4t yast4s wksrh sfsssNen
sstl rvsts snt#ris W. " eyH An fss y Fsss a
ssii Al ses ssNAss hst~~asnsss n sffl aM An
~ 80 49, ssssssss y NJ mea. n iss8 Thss
" ~ NFusA snse svh|s~sgm ~ lh~ Ire ~ha
Al~sse have svsssssastA ss~a aasAse ~tii tssasful
raSu hss tse~fre slAveA
~ netAlspA, w psrsssue sh& eAuse w The
nAtlAtAl iAnts. Aslsnpts ~ spnsinre sia fsarae
,l.as w. snsssuss 'hsf ssss~ \ sss@asssel, ssfr
M. ~ atiih.'saes \ aa~as. t.rsss w ~
u ssase ~hAi made il m. The C,sis~A ssaMs
futfanssas ssevy aAli anA snakss thrsn II ~
sssnr~ s~aeesnAtle NJ es~enh4rhA " u shie,
And this siene. Witch ~enesssntsn tistf Alees
lnie tAs~iy. ~ MtS'nitNsh ~uaid have she
.,Hsl,hta n liatsasi and shr prsrie h~issv
lwek - the cM s,sssta N inii~iiuai s.1rse.
prsmis. lssinr IsnLs. and 10 ihs ffAmis aud
sees~ lltfs evefv WHERE anil always len eclstud
ssirnL in kuvw that snrh 4 se~nls wonld IN
imrassible. fos I'm National t,s~e0hacA lAtns
patty have hnt uss~ thersy q y m cirvalAtscn,
sh.nNd furnish ~. that we slunli hAve i,i,l
t.''e Kind n paper Iacss -.the grv~Nhaek --Ahd
shi ~sery lAii hearing the tmrsc~a cf The Gov.
rthmtnt shAll carry With u shc ensrAn,es III
NJ ia.unsN ~ frcemsa, suppostci hy all tte
nrer ~. hcnor and power III the gtAndess,
frcsss ahd strongest Oovernm~nt ctvilis~i man
has ever formed
Tva things alone sre necessary. vssm, r.
peAl tho Infamous limitation IAw ty which .hs
gr~<nhack u limited n oNr,isu,MN Svnusi,
par IN sb~ toi,,is In er~snbaeha. os In silver,
- ~. holder may prefer. To show that this
.'ll hs neither Ahaid.hip. q in cenh.ct ~i.l,
hauis are 10 he paid ne~d only aao.e tho - ,ss, M
stated d, John Jaw Knox, tho Comrivnllcs NJ
The Currency. and ono VI the special pets ~
the national bahks. lie said before the ruri.
gt.~~ ~ bankers. Al tho sc~ainn jnst closed as
SArAspgs, that there was more svecin In The
treasury VI the United MATES nov than u any
mi, effect, AMI that NJ ,le Alip,ti ,iul 81 TINT
teti states ionds presented for rctlesnIiion and
PAYABLE In coin. t0t B dollar III coin had been
paid, the hol.ler~ who were Sereiv,ng psy IN n
man man p.si,crrinE tho legal -'endes srecnhack %
10 pay On The lpnd. u In TIM plain rosd To
plain duty. II will snl~,itutc what tho people
demand - an absolute essential 10 reue val
of bnstnnss, wages. prices, fruxraes and dcvel.
opmenf- = non. mt resting. bearing currency.
,n strengthen and ba.ld up every interest, In
plare ri ihtesest-ieArinH ls0Otls, which are
yearly draining oiul.u1p,uU from The over
taxed and orrres.ivrly h,,r'lsi.etl people. N,
demonstrated, for II every hand. which Ny IL
i.rms may l,c paid, should 10 psid III Tho way
nalucsl, tho Aiitp,tnt would not reach Nj iik'
aN.Ns An,onnt outstanding In about NJ ~.
UD.An. Ofthis sssl.ss,. .fsU have lssn funded
IN ;bl.yeAr per cunt... ~ that thc full an,onn.
which can h0 paid slocs mot exceed NJ .tsN, I'M,
Wu Tho amount ut currency thcrc would le
u the hohda were paid and grcenbscks snbsti.
tntcd. ~ follows.
dscsbbaeks nov authorized. ....,...e Nsl.s0,TN
df,.nbscts IN pia,s of nai,enai hank
currency. s%n"n.s" IN .ti1.wu..
oiher .ouds than iho-e hell By the
kauk. Observation-Disclosures. sM.snns
Adj r. this rp.tis nov haid ~ tho
Uhit.t sasffstttst. *tp'ssHe
Total. t....,..........,..ti,5i " ,5iH NM xs'
This would givr NJ just ~ psF capita. which
II slu per capita less than w had from l~ii 10
i%'s. and slt less per capita than France nov
n,eni Whose Industries srs aii prosperous,
whosc businessts vigorously successful France
hss not contracted: on the contrary, shc has
Kept hur paper moiiry ~ 20 tho full require.
ncnf of her people. aud she n she strongest
s,d hcslthiest financial Government In t1twi
per capita In circulation. and she wAa tho n,is
trcss 81 tho world until her rulers commenced
contracting ~ givs power ~ hcr nobility aud
Astst0cracy over thu people. Roma, like evsry
other 0overnmcni, fell OF IN power. IN
strength, in energy, In progress. and IN every
y on' h.s o. M, ast ~ IN ~ s:,s
Of ihs North marched II triumph
over tho degenerate iesions. when
hcs circulating medium was reduced n ei pes
capita To-day England on ono side, and
Prussia on tho other side 0f France. have
pursued she sams policy Vt contraction ~
i.svs; Iney each Aemons.lx.a silver, .na . shri'
bankruptcies. loana, low vaess, and despair.
Contraction u shs demand of thc rich, for tl,s
greater the contraction the greater bec0nea the
powcr Of money. wo shall hav" M revival oi
bnssness, 10 general prosperity. no fair prices,
and no national progress nnsil - contract Oh!
o..r non .inlsress. bearing xresnbsek TO . least
~ per capita ". Mccuiloch professes 10 bs
alarmed, and attempts 10 excite sympathy
fOs The national hanks 81 ths anpAllness Of thu
proots of thcse coFm0sants lle quotes John
Jay Knox - saying that tho hAnke do mot mako
70 sscced per cent ont of the currency,
Ally ~, 7U,,OtO
II Knos bs correct, II will bc no losa for tho
banks " wivo up bounty ~ costly ~ shc reo-
plc. but tho whole prctrnse that tho banks Are
~ oppressed By taSation that they arc making
no uaonsy Ii false, impndent, and alsnder
upon ths truth. The national banks doubled
A. ~. 49,
havc averaged " per cont. on their cnrrcnsty,
which was dou6le shslr inveasm~nt Thsy
have made ' psr csat % thsir dsp0siis, which
have becn more than lWtce thrir capital. IN
ono word, they have paid tho most snormous
dlivklenda ever earned By capital Conmenctng
si.h Absas esa,. ~, ,OlD q capital thsy hase
lOll0D u avaiisbls assets, be.idss between
eAui,, ,0AlUsO and ea,. .dax, ttU u oshor assesa
And, aflrS dividing all Tho prohts thsy slaf~
q diylhr, shsy havs u reserved proAss eifti
Tho 0ovsrnmsns can kesp ~ own account
pi receipts and Of disbursements with infinite
lcaa eomplicsllon than u keeps The sceNunts of
Il hsep sns ssne guard ovss she currency 10
~ fnrnishsd Il now has 70 kesp over the sur
Scocy issued 10 tho hAuks. Indeed. TIM care
Will he greatly Atmplined when mot dollar N
test,csl except up0n . positive appropriation by
Guu91oW Thon evUfy dollar VAL rwpfeernt v0e
acluAl value Tor which II was issuesl, and iiot
dollar Will ~ isened except Tor vAlus. The ~.
ceipts for dnties. Tor Yevenne, for taxcs, Tor
Ans, fos he pnblir domain will bc constant
redemption. And this redemption makes ihe
money hssler than Gold. Tor 4 secusas ~ mni-
form And its nnchauRing positive value.
Again, tho ~ .kccrctary aAys st1At ths sub
stitilion ~ The United HATS legal tes,dtt nolss
for shoss of tle national hanks n,1ans The pfr.
peiMation of lOcal me ssuse0 0f vAlus iincluaIliR
10 amount, ard consequently N purchasing
power, insteeA III tho l0i,G es(sbiishsd cossstiiu
iionsl measure Just what thia m~anr Il
would require . Harvard professor % Kuess,
fnr Il ID neither scns,bic ~ 3 proposition. nor
clear = o slatemeut. u probably
n,cans tl,ai, shs United BtAtsa having q
N satly day Delegated authority % cor.
puIsii, ~ 10 Issue currency. tho authority
Lsd dssssminalsd llsslf v every part
of The Untcn, and lhat 10 now c0anns this issuo
10 ths tscAsary alone would - y mako tho
standard u vaIus heal q WaahinGtOn. THIS
y simply absurd, for ths moilcy 0f Tho unttsti
Mates u m0sasy Wherever tlse nAg Of tho tntOs,
marie The aOsesslxnly 0f nar powes. and y y
diabHfMd u. svsfy l,ssi of tlse linton with .
regularity and csslAiaty which, c,mOtncA Will
~ poslllvc vallas, gives u . purchasing pOssf
autMt tog 70 that Of anS medium ~ exchange