The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-10-31

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smw siHas. sssetnssNt sAaa ssss Nee# Ala 80
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tsasssusna' h4al. anssl ri sie saas* NJ W. 49,
~hsh nes tsarha sissm VII ~ssi asgs esssssi
vssehsarAs ags representatives. Tn raa*s s'stf.
~htH nus taasssNwssFt w.. rassslssT Ftsf HaFNts
th@ AAMAers and sha eMlstaksAs@ IN Nh VI FtasA
ard sslvsf, And Aknhsss II fssst#n resassifHw y
Asssia ttss draft uns tsHvsthsrass saaiav II
n.sssss ssss" II .ssart @ r~. .ss /, ai r,sss
lars "A slrnaanA nssws wsfs issnea - scsura
fAtt esfeltsnrs Al the ttnswfnsnsns is.M nss
essih, nns ranlh she heSfw~ Ahy, with ~hlnA ~
ray ih~~~ demand rasss. irNKsrss mssi~ thrm
gsi ssHslst. ~ ~ 10 efAs,le Them te rsss ruf.
rent - neney These nnteA wsfs fassis fui'
lsxsl tender IN ~ rasmsns ~ ail tehsT. ana
sirvnlAsra ~ through the var on r~t ~ish
rain. isefw teine mn sifssfvns~ III lAN n sssga
tscsn AMI rssn, trey vvsnalncd en par With rssn
durinN Tho wixSle itM~,
whrn tsongr~~s mes W l,erem'~t, isssl, she
AllsIMpnfsAnt question wAs how III get meAae
- carry on tie var ThaAjens s'rveHs, ~
rcnnsyIvAnia, 4 tAsri0e afsa statesman, wAs
Chairman IN sh~ WAss NssA MrAps tnH,rntser. II,
which Aevrlved the task of supplying MONEY fes
thc c,nntry, AMI fnr tl.e prosecution III she
sAr. This committee drafted the Legal tender
tAll which ush~Fcd oar gfesniarks into e1lrt-
enco. A. Inn hill passed the lower house thc~e
notes wtFc made @lcgai tender and : lawful
munoy~ In thc payment III all ,i.his both rub.
Iic aud private, bnt when II reached tie konatr
Il nact the opposition ~ tho
NOxRyED CuxsrsnArnHs,
AMI tho tAll wAe ANsrndeal ~ Ia lNAkn these
no,e. .lcgai tender anil lswfnl money" IN ,he
payment NJ Ill dnbis .cxer. inscrcsl IN Tim
puhlic dcbt and duties ON impsrss" IN sou
AAk Why ] assert that this amendment wAs
dictated nv cAritAlIrtsy l Answer, because
Henry Wilson, Thsddens stevens, Ram.
uoi llanrrr, H. q Hpau.iing AMI others sAid
- Wien Tho blil came hack 10 tho Horse for
IT. approval, Henry Wilson, In \ speeci. used
this language, which will M found Iii snr ssn-
aressioaai hfnhs, Mah Congress. rarc ~:
u lpnk n,spn thu contest ~ d cuiisess between
thc cnrbs,unc. brokers. the Jew h,ok.fs, the
mnnay changers, and tho men who speculate
~ stocks and thu productive. teling mca ~
our country"
Thadicns Nscvens said:
There wAs q doleful sound came MP from
tho cavcrns al Tho hnllton brokers and from
tho SALOONS of tho AssociAtcd banks. Their
cashiers and Agrnfa wcrc soon on thy ground
and persuaded tho kcnAir, with hui liiilc Do.
liberation, ~ mAnglo Anl hr%troy what II had
cost thu ltonse months 10 digcst, consider ana
paaA Instead Of being 4 bcnciic~nl
and invigorAting measure, II il now positively
mlarhscvuns II now creates nnncy, and by
ita very terms declares II d daprrciAird curren-
~. u mAkcs two kin,ls " money, ono for tho
banks AMI another Tor thu people"
Hero w nnd 'hcso patriotic statesmen, tho
peers VI any Amcrics or tho world hAs pro.
class this infringement upon the rights VI tho
people.
M. Htovcns thcn offered IN amendment 10
except from the operation of tho loyal -ten,ler
clause sthe oilieers and soldiers Of Tho ARMY
and navy" ami said:
y hopc tlsy will not bc thought icss mcrito-
rious than TIM money changers, and
II the beauty of tho original hill In entirely I'm
paired, those who arc lighting our country's
battles, and tho widows anil children VI those
who arc lying In their graves In every part of
tho country, killed. IN defense of tho Govern
mont, may ~ placed ON no worse footing than
th0sc who hold tho honda % tho Government
and the coin of tho county,
This amendment WA voted down, and thus
The cOnaptrAtors secured their
yInar IMPORTANT VICTORY Oven THE rkorIk
Two kinda Ut mOn0y wore created AsleprociAted
currency for tho people and com for tie bond
holders. | want 10 call your attention pArlicu.
larry % this bill. Nosise ihs bill mAkss thcs~
greenbArks -lAwful money! Wc arr told that
money can only bo made on. of gold or silver,
snd the sreenbncks Are atigmAtixci ~ due -blls,
rays. promises 10 pay, ole OnF hard .Inoney
friends must be mistaken, or tho Thirty ninth
ConGrcsa, when they tnAdo . statute decTueing
tho GrcenhAck money, were lunatieu likc ~,
aud did not know what they were doing.
hocolleci, AlMA .hAt this .Awful money! Va.
legal tcndcr ior all debts but two, .inierest on
ehc public debt And duties On tmporls
will not take timc 70 follow lhrough al NJ
important financial Acta. Cntlur this and sim
liar acts large quantities of money were issued,
which paid tho soldier aud thu sailor, and fur
ni.hed tho material for carrying on ono Of tho
greatest wars that tho world svcr Witnessed
Ihis money aoon flowed into ail tho arteries
and chAnnela VI trade, giving life and vitality
- 0vcry enterprise Our Industries noufinlcd
N never before, lsaiIrOAtls were built across
our boAatlful prairtes. new farms wore opened,
cities and villages dotted tho pathway 0f
nil, .as factory s,~ and .hs S Workshop s 70. rs.
sounded throughout tho l0ngth and breadth of
the land, sud tho cheerful song IL tho ccntcnt.
vi lahorcr wAs heard from seArly morn ttll
dcwy ovO.s Tho prosperity Of America had
~ parallel In tho history VI lhe world
A. our hard money opponcnts assert that
therc hAs bcen no important contraction OF tho
currency, will devote . littlc time 70 that sub
jecI lhAvs herc circular lHsncd hy tLc llc-
publican htate Central Committee and | defy
any mAn 10 crowd tho same number uf fAllxctCe
Into tho safae space ~ thcy have done sup
pueo tho committee must have had = meeting,
and what orc could uut think Of another could,
md this pamphlet ID tho combined esAcnce Of
deception and fraud manufactured hy tho coua-
mlssee After protrAclcd labor. Tho commit
To- tell IN that tho contraction oe TIM currency
from lsi5 10 lsSp (fuurtNen ycAra) was only
-, 567. ia W, and that tina tOtsl amount of
circulation - The closs d tho wsr wAs e7b7.-
1.i. s.th7S
:, Tho I.,er 0t~a~ !. probably = good lserub.
Inser Orsan 81 July -, is.s which gives the
oirculalion for Inn u .As ~, IN ii another
jnsae of the lHfrr Dean Il says: "The high.
cse tcsAl Of pApsr n,0ney III existence q any ons
time was on nspt !. IstlS. whom tho volume stood
el,lMi.67H, sMs ] have here Mr. Berkry's
vor. on ss =, an.nss.. NJ. snd on pse y b cops
Eivlng all tho tisms. And makes the same lolal
- tho infrv Oreua. Moses w. Field anOthef
good Anth0Trty, makes tho eAme total; tho a.
thor of Golden Debt" tho financial editor
of the Chicago 7r.tan,, gives ~ about Tho
sems AgMrvs think lhis accumulation II an
sources, hetlcr evidence than 1 political cam
paAGm d0cnmsnt. To throw still nauEc light on
lhts subject road you resolution passed b
Oo1Greaa, Dco IL. INA
Assoisfd, That this House cordially 60
ours N tho viewa Oe Tho hecsatsTy Of the Treas
Of the currency, with visw 10 - early ~
eumpt0n cf speCio payments - tho business 0f
tho country will permit
On Tho lysh u March. INA. shis resolution
was followed up BY ; lAw authorizing the
Secretary . exchange botsds Tor notes; elu..
O0u,uO0 n0tss tgreeslbAcksl were 10 D. retired
md canceled within six n,Oaltss frtm tLe
paneag0 n the 49, and after lhAs thcy were "a
- retIScd 81 tho ratio Ut N, ,uhsl,tsn per month.
Now. hUSe Il Tho lAu AMll.OflxiLg contraction.