The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-09-12


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Thus II will Il. ~.er that resumption
rnsts IN. FARMERS H.itt.s,2r nnir
hres N ~ -. weight ~ IN, the in.
s.tr~i In Isis than III iS-l.
Ilas l.i ~ make the computation
on wicat. n staple product Ut the
Mr-s. and rcc how 1, will lie. In
1874 wheat In this market averaged
A5 cents rcf hushcl r. pns the In.
trrc~t ~ that year from wheat sales
would require i26.Osl. 20i bushels.
For thr past year wheat In this mar.
ket has averaged ts cents n btahcl
To pay the reduced sum NJ imtcrcs,
rcquircs the sale ~ I'D. Nd, ,25a hush
cl- of wheat. 4 los. through rcsump-
ton on this item OF N, 33l. O2A bushels
In 1874 skilled lnboicrs we're get.
ting ~ per day; then nc. 706. sbp5 days
work would have paid II, now the
same class of laborcrS get half the
wages of TINT dny. hence Il will re-.
qiirc u, S3a. 0i6 such days work ii
meet the lower sum Of interest.
II IL tobc paid from the proceeds
Of any othcr farm products M butter
or cheese, u larger sum Ii called for
than then; 80 II In beef cattle,
horses or lands; the price upon cv-
cry article the farmer has to sell
having sustained n heavier proper.
tlonats reduction than the interest
Now then farmers, remember the
language of John Sherman, quoted
above, thar resumption meant $50
bushels u wheat when 100 was
promised. The illustrations given,
prove II. Hat II any are nnsatisfic,l
let them look ut their tux receipts oi
1874 and Of 1874. and see II thr Int.
tcr did not cost more bushels III
wheat than thu former. also observe
whether the taxes havc been reduced
proportionately to your products.
But let us look further for causes
81 hard times. First, Secretary
Sherman has funded but about $780,
ON, 900 1T tho reduced rates Of In
tcrest llr prntcs about. aud to nc.
compllsh this Inns pnid the Syndicate
thimscR and some others. as much
ns the rcd,n.cd rate will save In ten
years. And Il must not be forgot.
ten that tho public debt u t2.OOO,
I'M. 900 n but small part ~ the In.
slchtedness of the country existing
In various forms, the rate OF interest
upon all OF which RENAME unchang.
ed, while the ability to pay has been
reduced proportionMtely IN much "a
Oh the public debt. These debts ag-
gregntc eli .OOO. 100000 The annual
interest on them exceed t650. O00, ODQ.
The surplus products Of the country
do not exccdo $6Oo. o00, 900. Thus Ia
t25O, OO0, 900 added to the principal Of
tho general indcbtedncss every year.
II such fncts indicate returning pros
perity. but few returns will be nccd
ed 70 absorb the real and personal
wealth OF all ANAL farmers aud OF
the entire lAboring classes.