The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-01-10
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Tht l#nls hase n.asls tlast ,lsstata.
'inn Thes npn admit ~hat slus ha,..
ALWAYS he,vusinfn slie,n,e,l Tho, mi.
mil thns ihe national ufsrni,ark IN xu
l~tiot III rnin Thv. rstnn ~ receive
silver un slspasii unless ils S,rtesa,s
~ the Treasury will ronseni IL redeem
|, in pernlaaks.
The rag lahs tfinmrhs The asso.
cia,cd NV York hanks noi The nank
Association declare tli.i, readiness te
accept anil receive the greenhaek as 4
universal eunisalen, # goid. l,nt silver
they will nnl ha,e, They Nlll recognize
nu difference or distinction between
gold and 'lie rag lmh, They will snl.
crate ~ special deposits no gold
checks. The urrrnlMrk IN money ~
cilerl,,ally ns Rnll " mone, The banks
almit II The people r.rnRniz. n, Hull
IL M longer king
fmncc recognizes iln hills uf The
Bank of France n iii absolute cn,,t,a.
lent of gold. England recognizes lhr
bills " the lsank of England m mn ahpo.
lntc equivalent II guli. For IN France
and Ia England the note~ ~ their hanks
pay taxes, duties nnd impnsta This
makes them money. In the United
States the moment th. grecnhaek does
what gold does IL will be nj u premium
above gold, There arr several reasons
why this result will fellow;
/. Gold IL always subject io foreign
demand, dependent entirely on thu 20.
liticnl condition of public nilairr. IT.
price varies with tlinss demands: In
other words, II tlnctuntcs in value "a
peace ~ wnr. plenty ~ want. lnict on
revolution dominates, Goll tho world
over II getting To w. regarded ~ ~
nrtirl. ~ merchandise anh ~ exchange.
II settle. balances between nations, Int
no longer between individuals. II hns
prnctirall, ceased IL lr used ~ il cnr.
rcncy II never WIS. ai,l never will M.
nscd by the people, II IL ton nutocratic
10 pay wages.
]! lis quantity IL M limited TINT tho
business man knows lle rannot rely upon
getting II. II II not kept or used for
business transactions. II represents
foreign capital. foreign exchanges md
foreign n-cs. II is good i'm II. place.
Int vet II IT, performing thr functions "
CURRENCY, and il would ~ inevitably fail
~ II always Inns failed. when II Inns been
relied upon ~ TIN h.si- ~ currency,
There II MT enough II II. II II was all
~ n In circulation. while the fact II
thai thu largest lurt of II " always
locked mp ~ Il special deposit. for rlm.
cinl anil foreign purposes,
u. Ths great convenience NJ national
piper money i ~ palpalle. 10 m.
disputed. TINT NJ mnn will tnke gold
whrn II" entl yet paper, provided he j.
satisfied TINT II IL reliable md certain.
Ii lns fnkan Years Ia educate the
people into tint positive confidence
essential IL absolute faitl. The green.
b,ck llas achieved the sictory. From
tle .lny nf its first is-tie II was
slandered ~ no either money ever WAS,
Il was denounced In Congress. as
cheap III material. produced ly steam,
signed u, machinery. anil sent fort
~ legion II devils tu rlirnt tho
people. Tie nrst isenr Mn. ~tig-
nutizrI ~ II prolific brood ~
pfOnisrs.' 4 member uf tie House
1niL TINT he would ~ rnoil provide
Chinese wooden gums for TIN army aA
Sncll paper money fpr the people" Mr.
Cnnkling rnii il,ul IL irs,,e iii. green.
lark M 4 leral.tenlel money wonId bs
sik.as M8ata vl.a ~
carnival II crime. The whole scheme
he denounced m rohlar,. The
currency to be emitted, lar declared
would be "lelers In tl,c commercial
world" Another distinguished states
nnn denounced the issil. IN M attempt
to accomplish, the Impossible In making
something oti III nothing.
The press WIS equally ~ enllhnti.
II compared them in th. French
nrsignn,, 10 Continental currency. I,
thc hills u the Southern 'onfe,lermy
MI HhellnlnrRer rfomprcllen.lc.l thei,
true character nt,I irnc ngnitirnnc.
when he anil tlle, will h. 10 thc either
ihr lrlc aud rell representative ~ tin,
amount ii the intrinsic wealth ~ the
country stamped ,ipon them. They ~
forth representing what the Govern
nirni has received. They represent Iii.
soldiers Who fought onr battles. tls
food which fri tlnse soldiers. tl,s cloth
ing whicll clothed them. They repre-
seni in absolute salne the sums ihc,
designate ~ property added to the IN
trinsie snlue " our property in fact. ~
ll,e means Ia protect TINT property
Indeed sfD bill represents Sin wortl
III labor which the Government Inns ab
sorl~.l, NJ u ei0 gold. piece represent
the @iD III lnlnr II Inns required Il
produr. II. The labor represented y,
thr bill .Ai2ts In iln Government, In III
! property. IN its Custom Houses, iin post
Offices. IL harinrs. itr capitals. In III
liberty II represents, hi TIN education \
affords. Seventeen years have demon
~trntrd IL superiority over nll othe
money. II IN Aulr. because. ~ MI
kpanlsling declared In introducing ti.'
. I'LL ~ authorize II, I'll. capital II siG.
NAt,OOltNhl INV mufe than slO,Nh,.
thO.OODl. For ilte claim III The Govern
mrnt IL direct aud specific pn tl,e bank
throughout the United States. inrlnd
ing tlic gold anL silver In their vaults
on ull kind. II production aud b,sincss
on railroads, steamboats,, oil MI mnis,
, FEATURING companies. on al renl an.
personal property. and on all tl.e propl.
Congress IL elothed with this might.
/ power 10 protect ihe people. the proper
In, and iii, hutton. The power III taxa
tion covers MI property md every dolla
~ property pnnne@a.L by the people q
by the nation II tlle guarantee ~ ever
I'LL Issued.
Experience las shown TINT the 0nl
. I4lnnaI rnilflna.iaI with tie inniin aud IN V