Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1879-07-31
Total. .$71O, ,095, 81
Coin. estimated, .$332, ,449, g.
Showing an aggregate of 81, ,o42, :el5 s2l IL

l
The amount Of national bank notes has actually
increased since the LIST Of January in the sum Of
S., 900 023, that the result OF resumption has :
been to increase instead of diminish the actual Cir
Again they demanded that the bonds should be :
paid in greenbacks. There question, upon = =
which honest fairly differed, whether the fve,
States notes. They insisted that this should be
DONE though the payment OF the bonds in green :
backs would have Increased their issue, IN viola
by the loan laws, and would thus have kept
United States notes in perpetual dishonor ana
depreciation; but now they have been en- SO N paia ty
RESUMPTION, All the fve-twenty and ten-forty
bonds redeemed this year, amounting to $o3' ,676,
$50, have been paid in greenbacks and the inter.
est on all the bonds is paid in greenbacks, and all
this is done without raising any question OF good
They also demanded that the customs duties
should be paid in greenbacks. This is now daily
done, without question, as the result of re-
W. receive United States notes for all purposes
and all demands and pay them cut for all purposes
and on ali demands. Resumption has enabled us
to do this. 1t has accomplished every object which
| the Greenbackers sought to accomplish by the re-
peat Of tho resumption act. shonld they not be |
content7 What more do they want? are not we
who have brought about these results better en-
titled to the name of Greenbackers than they VINO
would forever keep the Ereenback as dlshonoreo
and irredeemable note? We presided over the
brth of the greenbacks, and guarded them IN a the
: as frand, with the mark of Cain on their brow,
| as worthl g, to be bought some day by the cord
We have crowned them with honor; They are no 20
the world, equal to the best coin ever issued from
+ the mint.
1hc policv of the modern Greenbacker is to de-
preciate the greenback, to destroy its purchasing
!. power to make it Depend not upon the intrinsic
value of the coin into which II can De M 3
"a but upon some imaginary value given to II py Jaw.
"a The people of Maine have to choose between
A. tlose or ,nbackers who strictly preserve the @ na
tonal fah seek to maintain tae p o
pubic foith wish ~ restore the old state OF al
S"s, .n% Se upon
would revive the old distinction between tne it
he e aoar Vas paid to the bondtolder and 50 cen
nj irred eemabe ro:e was the pay of the laborer wv
would have Sar OF 100
One would suppose, fellow citizens, thai thst So Sn
En- % sa ses aarms a after we had
81 cured and enjoyed for brief period the blessing
rv of a sound currency redeemabe in con would o
G content to let we'll enough alone; but, dropping I'd
@ @ resumption act, they come to the front with me-
w. set OF dogmas, and invite Oh item contest VII
the Republican party:
he next reviewed the
re-. ARGUMENTS OF aREENpAcKERs
q Maine and Ohio, answering them:
of The truth is, the intelligent commercial % w0rl
er. except only the Greenbackers' mas Deen iu >,
Government of the United States in the reductle
aid Of its debt and interest. No nation IN the Woli
has in ancient or modern times, has IN SO short
we period so greatly reduced such an immense Durot
md of debt as weighed upon us at the close oI tne
as we have, so that now the tax on WHISKY ana
the p~blic n debt.
IRA ON THE SILVER QUESTION
our he said: We have tried the experiment Of conil
ent silver dollars since it was authorized IN 1870 81
nds have coined $50, ,8Ol 900. Every effort mas De
In made to put It in circulation without forcing
IN upen unwilling persons, but the treasury aeRa &
nth n,ent has only been able to issue $l3.3e9 ~
by which IS. 5lS9l2 have been since returned to I
ents ire. sury The sensible course to be pursued W.
the the silver question s to treat It as practical OF
1rb- and to coin It without limit only when comerc
11ng nations have agreed upon market fa1lo uI
we're which they can all stand. 1t is now oeaeveo y
1ted this can be brought about by commercial treatl
OUT and Negotiation is now pending for that purPo
'tes. In the meantime silver coin should pe nmHeu
one an,onnt to the SUM that be maintained at
),1e0 with gold coin, irrespective OF Its value.
4uset PAYMENT OF BONDS IN GREENBAcKs.
1e Seera have been arragned recently in your city
9oO inconsistency because ten years ago, in lete
Tia Dr Mann insisted that by fair constructor
! OF the loan acts under which the hvetwenty DO
one did coutend and so say now; but also nsls
from that we we're bound by law and public policy,
the war was over to advance these notes 10 pa
nra coin and that we could not take advantage OF
,hted own wrong in pos poning the e1 On
,and States notes in order to pay our bonds depl
th.n e was the basis OF the act to strengthen the pu
vonid credit passed March, 1869. Well, we have At
W 20. redeemed our pledge to the noteholder sno
,roed have now paid these very Ave-tNenty bono
ert;f Tinted States notes with far grester ssVlpg
unity Il va ha: paid them IN greenIacks ten years