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

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seesmsts AAa sssas $3.50 tlrAa sassaisa VI
ssssssi ii ssasfsHmssa sssHe dArw
sst ha@es8a esA,sst ssesssa sAs shss
,a4ssisvs aAssala u aAralsaasl
FtTsrsssesfs nss#~ Atp sntnss n ssY
sAtMs IA theAs fatVuimissssl %aAst st
n.a pA twfsisss then fsssm their Asn~
b. stst Hta ussstssN ~ slesn. wlaie
uthssv lass tisssaph nmns hasass 1#s,ss
NstAsssshe AZ ssssas nYaFtesi sHs8sfsaAt iess
whsfhss The esnni~sssn IT. lnsrs II,
Asnall shv fass sstnasns fh~1 individual
tsssns.~ass nstses Asw. hkr lwnl nssi4A,
snssfss consequently. v1ssasef sssnrs
lHnnaaasssts mites siwA~, 81 All sntsial.
and t,at,usa.s. t4,in money ~ rssiusis.
tsnsrtraueni right, aaA htnu,. though
sanctioned hs rnstnss. ~ an usau,asinh
ls slfr individual w ssusefnmrns
function. II ma, WI rl,,erst4l that
ainlr individual rsamis~nf, nst.s Hrt
in 4 certain sssnse as nanss. II II IA lest
anl, ~ a srts limited rttrns anil fur
safs SHIRT i.'ri.ts Thr ,i,Ieetipn II
nai asil lak.n. an ms,inMiiun ~ tsas
.rnmeM rights II, the individual ~.
whether fna short pr lanp period.
.anall, r.rrrl,n~i,ir and. allhnnph
ll.,~ rtumiswars notes arr drawn w
run f.M nohths nnlS. vt. ~ far a.
il. entire eomnlunii, II concerned. they
are permanent. Zach mt. l,as Il short
existence. Int |, Ii immediately replaced
With another. and Thus. like a constant
N renewed lank currency. the total
a,nunm, issued an,l kcr' In circulation
remains unimrairrl. How large this
a,naunt IL few conceive who liase given
th. subject no attention. Nome il.a ~
II may be gathered frnm the fnri that
two wears after thu panic. WHEN the vol
umr ~ lr,mi~sory nntr. hnd bern mmrl,
rnrtailr,l. tls national hanks reported
thr amount held IN them AZ nlnut S.nH..
.WO,Dtm: add Ia this The ainu,,n, then
presumably held outside III the banks.
and the sum will be- found to fall not far
short " thu entire national lclA. III tu
this VIZ add tl,c hank promixsory notes.
thr total must have greatly exceeded
wllat the advocates " a grconlnck cur-
rcncy demand As a substitute for the
dangerous private currency mn, tho tax.
innicting bank currency.
:. Communities are supposed to hc
formed for thc mutual benefit Of all
their mrmhrrs the laws and reg,iln.
.ions adopted by them nrc designed ~
secure this paramount object. ana hence
IL follows that Will, every advance l,cn.
pie make In civilization these laws and
regulations must bc abrogated or modi.
fled ~ meet the cxigrncics which arise
from nn altered state ~ affairs. lest the
code which secured the rights of thu
citizen under M enrlicr form III living
lr taken advantage " l'y the new gen
era,ion 10 foster tyranny and promote
personal aggran'liz.mentS impossible
beneath n simpler regime anl anil Il
l.ss complicated network oi individual
interests.
Prior u III. changes which the np-
Piled sciences hn,r effected within tie
past ilfty years In the social. industrial
aud political worlds, business Was con.
,lnctcd on very different basis from
what II IN nj present Merchants aud
.tore-keepers led quiet. nnpretending
lives and conducted their affairs In what
lovers ~ the pnrt term the good oll.
fashioned way. Father. son md grand.
snn bought aud sold In the snile ,lnprc.
tcntions shop or dingy warehouse, com
ported themselves In accordance with
certain sagc maSims. hcirlooms from
past generations: frowncd upon innoya.
tions. condemned MI attempts To leave
the beaten track. and held IN nbhor.
renee everything thnt savnrel III mcr-
camille gambling. They were slow. they
were prudent. they were n,nctunl.
bought carefully, sold reasonably, were
frugal md nna.oidably honest, Every
ono knew the exnct standing III his
ncighborS, could guess within penny
their liabilities and resources. gnvr md
received pramissory notes h.acd IN this
knowledge. paid and we're pnii to tho
hour and minute II maturity, and were
innocent IN babes unborn uf these In.
gcni0Ms devices which to-day enable 4
man IL nimhle brain. sluggish con.
science. ample assurance nnn emp
~ pockets II legally cheat md law
fully swin,lle himself into fortune and
rcspcctahility In those days the hank
rupt WIS forever disgmccd, nnl the inn
pccmniOns debtor atc tho bread vi NOR.
ification in 4 prison cell. To get
heavily In debt wAa a crime. Thus On
every side the honest, Mull.mcnning
man VIVA protected from the mnchina.
tions ~ thr evil disposed. by laws
which were eifrctnal lMcanse they hnr.
nonixosl with ihc conditions which then
regulated social and industrial lifc. Al
regards the present. II may ir said TINT
neither the Lawmakers nor political
economists hayc kept pnrc with the
mighty changes which have taken
place In means. appliances. methods,
Ideas. beliefs and practices since Nifty
years agn. W. have abolished impris
! nnmcnt for delt, hut have substituted
nothing for the wholesome fcnr which
! under The old Inv, deferred the ~.
! urMpnlour, reckless nnd dishonest from
giving il loosc rein 10 their mischirvous
prol1nsities W. 10 longer ostr.ciss
the bankrupt from fellowship with his
class. bnt rather take him by the land
! listen with hardly concealed admira,
tion 70 recital ~ His proves. IN tils
mercantile field. call for IN enumeration
of thc victims he ha~ SLAIN, md arc .lis
| posed 10 commend him In proportion,
J to tho number vi Halpm he can display
. III his belt. This W. can 10. yet have
/. dome little or nothing a. prevent. Ax ths
oriraci~ing formerly ,liL, thosc .lesa@tat
! Ing nl,slanghlr upon thu hearts and
! homes of thousands nl,on thousands VI
!. mci. wonrn and children which appear
lo M prominsslt characteristic ID
. modern business enterprise.
4 The radical changes which rteGm and
! electricity have wrought In tlls mode u
I doing business. The enormous growth vi
! we'll A. immense variety III this bnsinrs,
| Mnd the countless mmltitndcs engaged
! therein. render II impossible to obtain
, ~ In former days, such correct knowl
! edge of individual resources ~ vii
serve to protect the most cautious from
fraud and ruin. Even the most cnnrci
entioMs may unwittingly give fals.
statement d hin condition owing ~ III,
/ faith l,c hns Iii tho worth III the promin