The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-01-03

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~ slns fnssinp esanmnnitisA euhtinf1
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enesim.nts. small an,oun, ~ NJ
pl.ahiies sa,l,l ~ tn snprane priv
Ins II msantin1 III. vain. IL IL
property III The iail,n. ~ iltat nn nsat
i.r INV much ihr lsInat IL thr rssnihn
niis asirmens~ property, w. atrt.
gate value. can never he greater ihan
thai nf The gold in circulation. ti..n IN
"sisahls time will ,ums when NIL IN,
gre~s must cease anil universal siagna
iian prevail HIT II. e,l the either hn,rl.
knowing the salur III tla. labor thai u
lnrkrsl NJ III ilr rrolnrs, VI have cr,
atrd. anil wishing ~ protect that value
against humiliation anl also Ia repns
mni il IN such tangible forn that il
may liz utilized for industrial purposes.
W. i~sii. ilrst hnuk thea individual
rtomissor, notes a. represent tho snlu.
IN rHr, j, whole III TINT property, IN.
mediate relief follows nnl maintained
~ long IN those Who issue ,hc notes r.
tain the property ile value of which
their nntes represent. Ihr sicissitndes
Of business. however combined with IN.
dividnnl dishonesty. cNtrn,aGamrc nn.l
incnlmrity. rrnlrr IN | have already
shown. this retention " property nlsi'
natrls impossible. 4 time comes whau
the must cautious, conservative nfid nps
right are suddenly htreft nf their rps
sessions. and. consequently. the bank.us
we'll ~ private. currsncies issued by
them become waste piper In tho hands
" their holders. WIN then. III turn. nl~n
fall. carrying with them those tn whom
their currency hns bcen issued nnl
thus thr tile ~ run flows on from til.
gigantic trust company nnd wealthy
merchant down to tia. humble mechanic
nnd luhnrer.
Therefore even admitting. which dn
not, thu right ~ one ~ more individuals
10 coin money ny issuing their promis.
sorry notes ~ currency. that right. IN
view III the incaleulnble misery and
Grim. ~ which the exercise of II inynri.
ablv gives birth. should hc no lantter
allowed. Int absorbed into the Stalr.
where II properly belongs: anil, III
plnre II III. private currency heisst,r
fore iss,lc,l by individuals 10 represent
the salne of their property, "A national
currency. grrcnlneks. should alene Il.
used IL perform tin same duty: while
currency, M II represents tl,. ,slns et
property without reference ~ wlluinsp-
ever II belongs, can mt be subjected 1.
the hazards involved bv change u
ownership ~ private currency m,,r'
neees.aril, be. but will preserve IL,
utility nndininish. / ~ long ~ the
property III whiei. II represents The
value exists. nu matter VIM wins nr Nlo
Losses TINT property VA HnwNnp.
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