The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-05-21
THE cURRENcx LEGISLATORS
What soms.of Them Propose.

have aired their Ignorance and will go
home at the end of their term Of Office, TO
stay. Either through ignorance, dema-
gogism or design most of their schemes,
instead Of being in the interest of the
people would, if they ever became laws,
would operate to the benefit of spectators
and corporations. The Washington corres-
pondent of the New York Herald, who
seems to possess the. faculty of watching
these schemers and interpreting their ac-
tons pretty correctly, has summarized
some Of their crude bills on currency. of
which the following is sample
Mr.. Weaver, of Iowa, proposes to issue
$50O,000,000 of new legal tender paper
TO be used for such purposes as Congress
shall direct" 1t is clear that this is
merely the first step in vast job, for no
prudent man issues his notes before he
has determined what to do with the pro-
ceeds Five hundred millions of dollars
additional legal tender printed and stored
in the Treasury would bring to Washing
ton very remarkable lobby.
Mr.. De La Matyr, of Indiana, proposes
to issue 81, 000000 of greenbaok currency,
to be divided among various corporations,
part OF which are mentioned in the bill.
Some of these are canal companies, others
are railroad companies. and, 10 fact, MIR,
De La Matyr, under the pretence of help
ing the people, seems to be the hired SER
vnnt of a large number of impecunious
corporations who would like to speculate
on the peoples money. He deserves the
attention of the grsngers.
Mr.. Buckner, of Missouri, proposes to
limit the paper currency to $500, 900, 600.
He seems to think that he is wise enough
to know how much or how little paper
money the business of the country needs.
Mr.. Muldrow, of Mississippi, proposes
to issue, In addition to the present green
back currency, 100000, 900 more. and re-
quires that the specie reserve now in the
Treasury shall be used to redeem the spe
Gle bonds of the government-that is tC
say, the government having promised tC
redeem the greenbacks in coin dollars, and
having accumulated specie fund for thai
purpose in the Treasury. Mr.. MuldroV
now proposes to repudiate this obligation
and TO more than double the amount o.
the governments after he has repudiateC
tho payment Of those now out, and he pre-
tends that this is taking care of the credi
of the country.
MIR. Weaver, of Iowa, proposes to issu,
$50,00O,000 of paper fractional currency
Mr.. Weaver is understood to be a silve
man OF the EXTREMIST sort, and he show
his devotion to silver by trying to substi
tute paper for it in this bill
Mr.. Murch proposes TO make the GOV
eminent bonds redeemabe in legal ten
ders. In this Nj. Murch strikes ruin
Gus blow at every savings bank and lif
insurance company in the country ant
would bring loss, ruin and embarrassment
upon the great multitude of industrlou
wOrklngmen who have deposited thei
savings in these institutions, which hav
invested them in government bonds on tn
faith that these bonds would be redeemed
in coin. If Mr.. Murch had been hired b,
INSCRIPTIONS spectators he could no
have produced measure more calculated
TO benefit them and TO injure the peopl
than this. There seems to be method il
MIR. Murch's propensity to benefit specu
lators ut the expense Of the iDdustriou
workmen OF the country, for in Fl. r. bill
No 10 he has q bill requiring the princl
pal and interest of government bonds Il
be paid 10 the deprecated silver dollar
worth elghty-fOur cents, which the people
have already refused TO take, and which
by their refusal lies piled up in the Treas
ury vaults. He means to force thesI
eiRhty-iour cent dollars upon life insur
ance companies and savings banks in or
der that these may force them into thu
pockets OF their clients. The bill mean
simply that every man who has put money
in savings bank shall be forced to TAX
eighty-four cents for every dollar he ha
deposited. 1t is an attack upon the right
OF the working people and plainly in tht
interest of bullionists and silver specu
lators here and in Europe.
lnasmuch as Germany has still grsa
many millions Of silver on hand which i
cannot sell at as high rate as the Ger
man government would like to get for it
MIR, Buokner, in II. K. bill No 925, Gomez
TO It's help aud tries to get it out of i'll
difficulty by requiring the Treasury to buy
S4OOO,000 worth of silver per month, anC
to go on doing this until it has so far ex.
hausted the European silver market as tC
bring silver bullion to par with the dollar
OF our fathers. That is to say, Mr.. Buck.
ner wants the taxpayers of the United
States to buy silver which they do not
want in order that Prince Bismarck may
be able to get higher price for his sur
plus silver than he can now hope to get
Mr.. Buckner undoubtedly deserves q
medal from the German government fol
this attempt to swindle the taxpayers Of
his own country,
The celebrated Mr.. De La Matyr, the
friend of swindling corporations, has devel-
oped in Il, K. bill No, 1880 one of the
most ingenious schemes TO benefit the
wealthy in the great cities at the expense
OF the mass OF farmers and mechanics in
the country that can be imagined. He
proposes that the municipal debts of the
great cities shall be saddled on the FEEDER.
al Treasury. and demands that the Score.
tary OF the Treasury shall accept the bonds
OF the cities and give for them legal tender
notes, to bear two per cent, interest.
Most of our cities have run up, as is well
known, large debts. The farmers and
mechanics in the country district certainly
recelyed no benefits from this expenditure
put pe La Matyr proposes that they shall
now pear the burden of it, and he calls
h mn the friend of the people. This
1.I ana that in which he proposes tC
olVloe 81, OOO, 100000 among a lot of i'm,
pecunious specializing corporations al
over the country show that he is one q
the most Jealous friends of snecnlators
corporations and INSCRIPTIONS cana.el;s,,
thst has ever got into Congress-
Mr' dlllette, OF Iowa proposes N s,o,
\ The rounding process By which the I tsT