The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-05-30
RI I cost " noNrnfT1oN.
what NJ oeee ne1eene1.


nry Department 10 report what
amount of tinted BtAsss legal. tender
notes have been redeemed In coin
since lhc nrst cf January last, and
Ajas what amount III coin no coasld.
orr himself authorised In retain In
the TrrasMry for the purpose u
maintaining Inc resumption of spe.
Gle peyments under the provisions NJ
the cot u January 1, 1S1b, Sherman
writes. "'Thcss has i,sen redeemed In
coin sinc~ January !. iySv. Of legal,
tender nOtSe, - amount Ut N.1SS..
blo. ~ % thr amount VI coin
authorised 10 b. retalne6 In the
Treasury for the purpOee ~ main.
talnlng ths rseumptjOn of epScie pAy.
nssnts. hevs " STATE thet Under ihs
provisions a ths reeumptlon act
authorship The oe~sSsafy 0f the
Treasury, IN order ~ prepare AnA
provide Tor ths redemption of United
NtAtcs nOtss, 70 uss Any surplus teves
nus In the Treasury not otherwise
appropriated, and " isSme certain
bonds Of the UnItsd Htst~a, ths cola
reserve III thu Treasury hrs Oe~n ln.
creased 10 1IS1A NO no, thAt being
shout - pr eSnt. u The n0tvs out
stnhdIn0 III b. r%d4sn And bs.
lt6vSt " ~ the smallest reserve
upoa which resumption could ~
pra1flSNt1y commenced md stsce~ss'
FULLY maintained, ~ set firth III my
last annual report This reserve
HfOss from The ssl~ VI Ut ,fhHtg mn In
bonds ami from sufplHs revenues, ~
authorized ~ Law, md u must, ~.
drr The eSlstInG Law, ~ maintained
ltnltnpNlrrd f0r tbs purpose TOT
which N wAA created"
II Will bs remembered thas few
week since, thu Secretary NJ the
Treasury congratulated shS country
iseauss thsrs md be~n 70 litiis ~.
msnd for redemption ~ gr~~nkarks.
- argument IN favor N th~ retention
y gfsSnbAsks And against frsump.
ton. We submit II u shows much
financial wisdom ~ borrow gold, %
~vsn pct rent bonds, 70 ssalniAls
. reserve fund !hst nobody SCENES
- wAsl Let m sss, ths Secretary
sAys " have redeemed e1.iSs,5ts u
ssssnbseks 81 l~gal- tender notes In
sts fponths 10 do this ~ hsvs
Dnajalslnsd : coin rsssrvs procured
rhsiAy through the ssle u ! per cent
l,0sds, ialef~st psysbIr quarterly. u
oiseAUe9uO. The interest on these
bsa1s asd ths sOmmtsslsas paid "
~ syndicate f0r piartnE them,
ssIsunt ~ . PR rent On et3s nm t1DO
l0s the sl1 jnonths. III pet cent,
Interest N eiYs nm t1OO Tor VII months
sm0ssts ~ t4,ilOOaUt Thus Tor
svsry eyssstasA ls0st.tsndsr dollar
lhs government hrs r~deem~d, tins
roantsy hAs b<ss required ~ psy
ov4s one dollar In isisf~st ssd rom.
mission on ths bonds sold 10 pro.
ssss ths fund held u reserve for -.
IN sam pAlA Tor lnsSrssl
N ss~ess u The sum redeemed bstae
D9Ae7.
- ssasA. ~ N lstsssst = nsts.
tatdst I'M testtse \. ,at4,ass oenAAMe
- etWt ~ ne9lk te,asa,.asats4 oUA9
- e0ss ~ ~ m.s4ssttts ss.ss.4 1yA1o
- etN ~ eGNe N,sssstss.ssss.aa 1,eW
- go soee MeNstA 49,. u.t,.. ~
4 farmer lssOrtNa9tna BIZ lsrm, and
f0sitertin9 y psy lstsssst thereon
svsfy three s,oHtlsA, and kssplne ths
money unemployed II business year
n ssd yses ont, - 1Ohn Sherman
psor0sSs 10 DO with this reserve
lusA, wOUld IN sIt~A " srrssf before
lh~ rOstnIlesj0Nsf u Insanity, n ~,
r~ftsin whether : ewasdtss sh0Htd
Dot - appointed u prevent ihs
lrnltlsss a4uAsAeslH9 ~ ihe ssisse.
but whSn John 1hSfmsn does this
~ IN ESTATE u ~ American pro,
p)e, 1n~n WIN hAvs sehOOIed them.
Dslv~s ~ sacrifice every thing ~ ibr
psfty, profess " beIl~vS thst such
} sulrjdtst policy vOssrss~s MI ihs
vtsssntS u AnsDeIsl ssNssliy,