The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-10-03

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i fai-hocsi rhtr ruiz ~uul.i srrm Ii
Hptsiy ~ IN kenntaf. tats NJ kM,wr
vii TINT the government tried III
ht,ttvw inutcy Irvm lhe erld huge,
and they would MI lehd I, excerpt III
u-'sions tutrs III lnires,. therefore
she KovrthMeht hHd 10 Issue its own
demand huses. Ia ihr amount vi
ttiu.tsns .utAs, n. authorized ~ thr
att ufJuly IN, lhNl. and rUvirntls
yur al drttx uHr the vurerHmeHt.
IN ths Mst N July NJ. lNssi. Ahy.
lO.ks occupation MAa evhe. Those
nOtr~ bore ~ inief~st, and took the
place VI guld FOR nll necessary trans.
actions III internal commerce. Shy.
lock hal 10 go 10 work 10 show iis
unscliish patriotism, and enrich Itself
II thu expense u III. country. Wall
street came I'M and took Congress hy
thc throat, o. tv the porArt. and com.
PEELED n ~ pass the ut ri Feb. ~,
ieti1, which authorized the issue III
eliAl. tStt.bW u. h. note. mot bearing
interest, 90. I'M, INN II which IN l~ III
lieu u demand not~2 ufJuly III. 1851
The Ex-Governor knew we'll that
II wus n rep nblican Congress, Ut the
instigaiion 1T thu ururcrs III Wall
street, who fcpu,llntest IT, own u. \.
uot~s, issued under tho net III July
j. 1864. ~ tho amount VI <l6O. Os)O,-
OOl.
Iquotc now from William Hanson !:
This nct. July II, 1904, also author.
ixcd tho issue " trtpO, O(DO. OOO of cu.
pom or Registered bonds. rc,iccma.
blc nt pleasure after live years, pay.
able twenty years after date, with
interest ut six per cent for tho pur.
pose ~ funding thu treasury notes,
mud the floating debt or the II. \.
Now, why were were tlO,OtN,O 600 of
demand notes substituted for co..
WO,OW legal tender notcs2 aud why
were the 6.2O bonds used 10 fund tho
remaining t6O.Op0,tN)O of demand
notes and tho floating dcbt' Aud
laAtly. why were the Rrccnbacks,
under this act made II legal tender
These three successive devices were
done expressly 10 crafty the avnricc
of republican Hhylocks. They knew
full well TINT the people would not
receive the legal tender note. ~ thci,
face value, ia long M they were dis.
honorcd IN two particulars---not RI.
ccivablc for dutles ON imports. or In.
tercst on tho public dcbt-~by the
government; hence tae necessity vi
making them by Inv IL legal tender.
And they nlso knew TINT they could
not make riches, ut thin expense III
tho nation, unless they issued inter.
est bearinR bonds instead III the
treasury notes"
!" Now notice whnt took place I'm.
mediatcly upon thr circulation Of the
dish0norcd grcrnbacks. The act
was passed Fob. %. iHts2. The aver.
Mgc price of gold from January to
May Inclusive, ilye months, Was II,
the lowest, and ~ the highest, which
Mns AMPLY the cost NJ exchange.
Hut ~ soon ~ the di.honOr~d green.
backs began 10 circulate freely In
Jitnn mill xas.saA t.r 81 9fn as.A go 6A...
ID IT the sMine month u republican
Congress-. not satisfied with what II
had nlrend dons for republican Shy
locks, passed another net which an
thorlxcd thc.lr.uc III tlEO,ODO,OOO u.
>. notes, including tlOO. 0,OtW Ap.
proved BY Joint resolution III Jan.
u the snInc year. not bearing inter.
eat, ~ b. legal tender for all debts
public and private within the u. 3.
except duties on imports and inter.
est on the public debit. But this oct
further provides that holders Of y.
,. notes, issued under the net OF Feb.
-, and july II. 1904. shall present
the same for the purpose 6gcxchMng-
Ing them for Q per cont. b.9O bonds,
on or before the Int day of July l6li3,
and thereafter the right 10 exchange
the same shall cease, and the rcstric-
tiOns on the sale OF these bonds NJ
market value II repealed
"A e3OO, 00D00 STEAL"
Now. ! want you 10 note, cnrcfnl.
~, the MMlnltlgntcd dcvlishncss 0i
this mt. il enabled the gold board
who had forced up gold 10 ~ In
March iAB3, 10 purchase the green
back issued under the ACT 0f Feb. ~.
lhO9, NJ ~ cents I'm the dollar. They
gave themselves. by Law. four months
time, from March 10 July, In which
10 purchase or exchanges The slrprcot.
Atch grccnlMcks for 5-2O bonds,
which were ,nnslc payable, principal
and interest IN coin, for their benefit.
flv, hundred million bonds, Mt ~
a. n a.