The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-08-08

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tssy easvnts whieh twM the n.nsrs n
Assnf. Vanderbilt AhA Mssnr monetary
institutions
Hneh concentrations 81 capital have
resulted I'm concentration ri monclMfs
legislation. and ~ sneh Arsian and ~.
action. capital acquiring 1nonarnlics
widely absorbing the earnings ~ lAs,of
anil snrfersitinnsls accommodating rApi.
tal IL reset on Legislatures. until the
mnney. III The nation. which should lwf.
m.ase every valley and witty every
nil, Hcem ~ ~ iroscn on the mountain
tops In Avalanrlsine Maaasea, while. meta.
phorirally speaking. tho industrial fields
and fruits arr rrrishing ffom lack 81
the withheld vital cnrrentA.
lsy snch special legislation the pro.
lncer IA deprived ii his equitable COM
pensaticn. simply l,ecAnse he has not
The SECRETARY token III exchange money
r. dishnrsc for his requirements. Or,
more properly spcsking. the socictary
tokens III L. indebtedness ~ him
tmoncv) being withheld, he cannot *.
change tho products or proceeds of hi,
labor for Tho products ii the labor ol
othcx producers. iii other words. "
PR cent. Of tho products 81 machiner,
~ capital combined with his labor have
gone 10 swell thc already -ovcrhnrtlcncd
hoard u capital. leaving him but tht
sxpx1
duet, a. above defined. Consequently
~ above noted, hc In nearly p0wcrlcsl
an u distributor II products, and, hun
cry though hc may be. 4 minimum q
bread must suffice him. while millionl
OF bushels weekly are exported ragged
though be may b., factory owners mus
fail from inability ri his class ~ clotlls
themselves dccently; aged parents ma,
pine for his presence, and wcll.cndOwet
railway companies may pass their divi
dcnds and become bankrupts. becans.
some millions like him cant travel
\ 10. therefore, scarcity lack oi good
plenty. cheap and accessible tool. d
exchange, induces 10 broad socict&r,
cllAsm between producer and consume
that tile tailor, halter and butcher caI
M longer freely exchange the proslnct
III their industry. excepting Ivy Tia
elnmr. aud lahurions bMrlmric medium
IL barter. Or tic very costly anal panic
breeding resources III credit, and con
~Inently production IL vt n minimum
and producers nrc In enforced illencs,
II may bc automatically stated tia
money IN the medium which transfer
values frem hand ~ hand, ~ water Nh
railroads transport products from plac
To place. mud deficiency Of either ele
mcnt III exchange causes partial Or IN
. tire stoppnge. and values perish pend
. ing the detention.
Another head Of the same hydra
/. tisnflout interest, or rate III rental IL
tho usc ol money, greater than prodn,
ton can earn by the snine, causing bot
producers and production ~ bc anals
gons 10 reservoir whose feed pipe
III three inches and exhaust pipe seye
or more, making II inevitably only
!. question III time ~ 10 the emptying ,
|. liz contents into some other receptacl
which In nature In thr ocean, md In y
ciety the vaults Of the usnreT, or u
recipient Of larger rent for money III,
the average worker can make Il earn.
Our census returns show that tho 4
: ersge increase of the population II b
abont per cent, per year. II tho =
! haustion VI population, IN proportion
= its increase, was equal 10 that III labor
! SAY seven deaths 10 three births-it
needless 10 say that In brief peSft
= orr republic would be- depoWllate
= Onr national Legislature, by rcstrictil
\ tho supply u money aud dcl1gating
= issne 10 4 few tavoritcs, committed
!, fatal MI error 4. that III the polite
= economists In fcntal times, who On
y ierred on the Baron. Of tho Rhine 4
, control of that navigable stream, vi
!. power " exact what tribnte they con
y Of ali pa@sers. Consequently, travc1a
], were compelled 10 avoid tho natural b
= srtificially.coAtly water cOurnes, q
7, make l.korions aud dangerous deton
9 In exact analogy 10 the results Of Q
monetary Legislation. which drives p
y dncti0n and commerce. from tho y
y and simple money exchange and dist
n button 81 products 70 enforced cvc'
u and its corrclatiye psnics and bsnkruI
= cieH.
= In addition 10 this feaTfnlly oppr
= sivc function, the nation haA largely |
?, dicated its sovereignty over the paI
= coinage 81 the republic. IN favor of
!, !. Same Leyseleidrjes. rejecting tho
Y. icrs u IL own citizens 10 carry most
r not all, its indebtedness In small bon
" called grconbscks, without interest;
- borrowed, mostly of foreigners, at ra
o. 81 rental largely shove what product
could psy without certain bankrupt
9. Three corollarie. result from this:
- /. Government, being tho lArg
Q. and tho fuglemAn 81 I'll borrowers,
nt Thus forced M tho rate of interest I.
- point destructive Of production.
Y ,. Thinking people With motlcr
~ means would not jcopardise their 4
~