The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-09-05

That in6niteaimal small pivot called
specie basis should II not he named
spccions basis crumblcd for the
thousandth time. aud, this time, down
70 the rotten Montreal banks.
There gocS confidence
And with II 60 tho earnings of In
dustry loaned ont u usnry.
Whst's 10 b. done now3
Why. Of course, not 70 work snd
bring back "confslence.'
She II lost. stolen, or straycd 70 parta
unknown.
Put on your spectacles, ye blind! get
Your slaves. aud, With your lanterns In
hand, hnnt her upl
~Now 70 SEQ her. and now ye don't"
We mnst have confidence before We
can get on our business feet again.
30 all tho bankers and sll the news
paper instructors tell ~.
llut confidence IN whom or what2
Not confidence In onrsrlvcs, nor in
tho Government. nor In tho nation bc-
utuN ~ With III kUu WG0AtH hsSA I1WGb
Ut its command.
~! That would be nrcenlmtkism.
and where II the finsncicr tllat believes
ID ltsscullackismf
No. We must pnt confidence only IN
the spccious.bssis banks. All tho econ
omisis aud all tiis newspapers teach this.
uold IL tlin 4inoney Of tho world
VI course.
The only honest money"
Of course.
We mnst have paper. 10 be ~nrc, bot
toned on gold. n transact business.
~ course.
II Ii lighter. handler, and every way
more convenient.
Of eour4e.
lint fMl,cr not basuI on golI paper
based oaly on the wealth, thc honor thu
credit. and tho power oi The nation u
nothing bnt rags.
OF course.
II IL the duty, then, of every COOL
citizen to stand by gold aad uphold the
banks.
Yes.
To stand by bank paper too.
Certainly.
lsnt supl,oss the bank paper liz not
bottonled on gold dollar Tor dollar.
/ Suppose tIr hank issne fc,a promises"
| 10 r~y dollar for every one dollar IN
II. l,o~s4..ion. Whist tllen7
Why. then. the peopl. must have con-
hdenee ~ ever. Th.t'sAlI lrixh jC0rid.
Ahrrman anA Ms Pet HANK.
| IL Mr.. John Sherman ~ Secretary III
tls Treasury of thu United btAlrs hAs
maals any private contracts viii, III.
Wall street syndieates. who control the
remainder of the l.per.cent. bonds. tho
fact should no longer be kept secret.
lie IL public officer, and his official
scts should be- made public.
II il charged thal = New York bank
that has been favored with Government
patronage 10 thc extent VI s.UO, 100000
~ time ii behind on contract, aud
l,as been granted N extension by Mr..
Sherman,
II Il further charged that this ut
bank il now holding t;T 10000 "
Government ! per ccnts. for sperula-
tive purpose. TINT II. waiting for i
risc III them to unload.
| II. instead of raising IN price, those
bonds should decline. say 2 per cent.
either that hauk or the Government
wonld lose t7lD. .OtbU-~a sum that would
- fsr impair the hanks capital that II
would probably hay0 10 close up b,lsi.
hess. II such ! loss were 10 occur 10
ths Government the people would just.
u hold Mr. Sherman accountable for III.
The market pricc ri those bonds lii I
pcg cont. lower to-day than ~ wns six
weeks sgo. while II trade rcviycs this
fall. - II In claimed n will, tho price oi
these will still further decline, because
tho capital thal now seeks investment
- 4 per cent. Will command u and Iii
IN other channels. and lho market vii,
b. giuttcd still more with iow. .intcres.
III. sherman has contract for the
delivery u this tJ7 yD4sD. .DOO of bonds NJ
. premium. II II already past ane
Why does be not insist npon IL fnl
litimcnt7
i On ths othcr hand. Why ilocs he ~
sest In his speeches tn thu stnmp tin
IN hns completed his funding operu.
tions, when 10 hAS not - NeH i0rl
Sun.
-PAhDux mr." xaiL bob, when !,
} stepped on thr girls foot III the dame,
! .Don't spolosize," raid shc; -beAnx .
! - shoes sss fashionable, and we O.
] o1ond anythfng Tor style