The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-03-28
The lsaa,i Ia tsolt l.msss.eMts fsusn tHOa Ia
iAtW

*NNsW Nr NuN INSuWtHt0h law t@AbusutN
here,
Thr lsoaa ,o Oe,l rMssNeats tfesa tsOa 10
tain.
The rra.on In scheme for geii resumption
has rn rrnfnundls agitaicd our politics In say
rral NatAS past II that ~ nrev~~Arils involved
great An.l prrmanfns loMcring " tho pric.~ III
lah,r ana pfurstss, great iMrinns~ rtAanatinn
aud li-tlc~s ,luiing lle plad 1T falling prirv~,
AMI an Immense Increase W t.e hurlsha III
,lel.t aud saSca Tho disenssian, which lssam
aa ~ IL ~ the -elnme inauanlalesl by stealth
MAS maslr public, las bv~n lWtnegva hy thu
ersst " tho nnsns power playing III the Nnnr
Ancc. the pfriu,iivs. Ssnl tho ,hanghllcs~ns~s ~
thn rrnplc Ii, thu pfvat hnhisr. III n,snr, So
enritivs " this l.ht ri,ldeh ~arlsl thu sahlle
ahant "lan.et Manss, public faith, ah,l tlv
lAousa.nl sapliistt,H With which legislation in
taels mt.re@ta Il attained ~ supported. AZ.
aerrly their t.uls III trade Ihalr anxiety
aia,us the kinA III ,nn,tsN rsnplu may ,lss
gsseH ia further than II have ailstr~ sn n.ati4
sg.d that sieas rulAie AMI private aeli-
rl.all i. n ada Ia cheap currency at,d pahi IN
i dear one Tiny have PLAYED hat tiisk e,
England, .le United slates, aud n.he, na'ionr.
Hnill they have filssl the world with fslnee.
anl pearras Nhen oar great lsehslllon htuks
III. they Withdrew their g,.l AMI faresd W ~ 4
iat4sp s.ar nf Alalass, not IN lvsnlAhle th sun,
hn ii rvreisahllis, IL. public and private ,lnor
Ihv snlnnl. reached. Ia l~Ah NJ .ath.tNi,,sh uf
tn.isd States loyal teu,ler paper. asel two
thirds IL which 4 .il,.na.usn lare Interest, II
il I,.e, and therefore ,i.i nat circulate 4. freely
~ alhsr money, In, witch helNs lesal tenders
for Al public aud private dnes, hnsl great
ssfeft NJ increasing rtiro~ aud whlsh atl,lsl ~
Tin lauk nnlss. sAsr ns A. assfsfats paper
nlallsy ~ ti.sgs. rf.,sM W. Msds our ma
tanal deb, alh,asi wholly IN TIL. money, NJ
rather IN labor. anitraperty inelsA~etl In prices
hs H. unr H.pufsrent, hands, which Nrre
rat.,la' paf Ia this money, brought IA On ~
average about Al cents On the ,lnllai III gold
Nalnst
From l>.s, III ISL all hnt ssa.sna.nN ~ the
N,lls.MN.,sM 1T interest. bearing currency was
redeemed Anl eaneelsd. nearly all If |, heinl,
fnni.,l IN h.ref sens bonds payable originally
u legal tenders. hui subsequently,, In violation,
II the contract. n,a,ia lAaNahle Ia saln While
thas large Salniln. af currency existed thu rrl
ple Mer. alnnHt Nllnlly ont IT ,leli, lsa Viii,
Ira val Resulted In anllling np sasi sreli'
SYSTEM which III 4 large es.ent sustained prices
anil business nntil III. gathering burden nl
.l,ht and the shrinking volume II currency
Elaagh, on the collapse ~ i~ssl Thu, rs All
increase W the currency i~rnesl IN oh~llunrs
IL The demands M embarrassed capitalists, il..
country MAS fAliying from thai snllAp.e when
l~llsrs having hesn quietly drmnnutigea and
half af uuf suih ieruurvtA TINS snt uill III.
.,oil Resumption Law wa~ rassesl involving "
its execution vast additional fall Ut priues /,
rarNllelrl burden NJ public ANIL private ,l''hs,
In property and lahaf -hIunk III Al average ii
mel milel. mnfe than halt VI thslf values Mhvi
/ the .leht~ Mulr made.
Mcrr humanity would hAsn dictated IL III.
manipnlNsursnf Tits -ellrmr vi sald resumption
10 attain their ell hs thu marc direct Muti,ot
ofhssing Law enacted which ~anlh nat hav,
| shtlnk the cnlrei.sy ar luwctrd values ~ lkln
/ aud property, lsat would merely have sinnhlrt
1 the nuniler III dollars ~ each public and rrt
| vAse .leht lint TIN prArslcAldinrnl. MAS lhA
ths ruhlcry Nnutl 10 open and rAlpAhle, Al,
thu people could not lc fooled tntu NAbm,ss
ta Ii yet II ~nnlA have heen vastly more hn
name for thu Industries ~ thu country wuul,
/ have gone IN al full play, ihe ruhhvi enul,
havs male nr thelr lnH~cH by profitable hnsi
nr&r. shn na,ipn would havr kept III Rro~ln
richer, ansl tho fnllra ~ vAgAhauslaHe, ruvrtts
elarv .tinn aud insanity, hnfn nt tle .tARnAiin
of falling pfens, Ma,sld not have been tnEnt
lp,-c 10 deSala.e every industrial center " IN
/ land
kvrn II our people hA.l l~cn freq from lel
and tightly taxed. tina forced lowering III price
,s,Ahi MT hAv. N.en accomplished N.thnn, sa'
tnjnr, naur in.lnaislcs A fall nt rtitSS llssvr
sarily nlakcs all rnrren, business anprutitAhls
Nheh prisss arr falling, embarrassment an
la<~sH Ia traders ahd manufacturers folla~
lalnI loses entlluAMunt. and thu Industrial ci
cr.ics III The peuplu Ara impaired
How great \. tlaV sAlAntlly VI lMrAtruh nft
.lnriinn may he rallssal Nv comparing thu Vi.
niasl productions With il,c accumulated weali
III nnr people The most teliAhle estimate /,
unr annual productions IL thai uf David
Wells, Who ltAepsi iluin Ia ishe Al s,', ',S.,,tAa,
tsst. while ,iiv whole AssesWe,l valur NJ iMAAl'
property. real Alnl personal, ~ al lhr Slahs
llM fuilnwina trar sl>ssl MAS hAl tlt...l .ssn
NAl Assuming tuu prupVftt N hAvu ise
worth us,c third mare than IL Alrfal~s nlrnl Il
taxation, sAy vi. su.tst.,SAl n inllnNr ihAt a
,lle ArsMmulatious " mr. lsnrle for sb' sras
Including all their lands ami inrr"s,
Ments, aru Mor.h only thu piu.lneis ,
ih,vn yeAlA III ssieevrntnl industry A~sni'
lng that unr la~l tim Sran ~ inrtrN~C
population anil improve nsls IA nlAehluVty NJ
nilsri thu fall IL prizes since isahlAlll thai y
ruslli n,M, with oar industries III full play pr
lurr s, NJ. ,ssl,tsN nf values II pfeesih price
, thru tue gnss nrsuet VI all uMr Industries Z
eishly eiRhl laAs Nnnhl pay out national tiel
Atlsl the l.Ms ul rfs.lueiluM i,r eighty vKht.l
would ls~r ,hr value III that drls ~ WI
! ustimAtcs that uialy luuSN.Nn ~ NUT, wuin'
! Aini children. ur little more than nnn four
uf onr population, were In l<N rftAlutcts
sAluus producing On ~ Average etbSs "a
, year HarIfrs NseAip estimated thu mn
hr of ~Ase lsarle Mc.,, ~olnen aud chllslr
Ill enforced idlonnxs in lsi,l ~ a,uM.W
The Maryland convention " cuhAislrr
\ tramp Q,tr~ints La, yrAr pnt the nnMilHF
/, tranl,s alone At l.,sH.,.si thlnk n n rr~ss
I Rhle estimate that un an average each day
!, fnur ycars past thu producers Ut values ha
! lost une .htth ut their uaual Nntktnx hit