The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-10-10
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volume.
nui 't@ss In something tfth- worthy
~ tas critic il Mo.rs and ashpsnh
Another thing lfshe eossinmen'
A.An rivsss maHs, simply w stamp
Ing ~hai shss aae pleaesa II rail- H.
Sovereignty upon a nisss~ ~ Iaaret
WIS should n waste That sovereign,
ny urnn u onr dollar I'LL. why ~,
asrsai. Tan dollar hill. n hundred
- sham.Ana, million, VII. should
we siapy"
solomon trlls "a ia answer n fool
arcoriin. H. his FOLLY, 80 We reply
by arking ether questions equally
foolish.
IN ucl created nll things BY the
Nat VI His infinite sovereignty. VIII.
,iid Hc waste His energies aud powers
on licAs. lice. rnass, and oth.r iniln.
itrsimnl organisms,
Why did liz make millions N suns
aud billions NJ wnrldss Why did lie
not melt all The suns into ono grand
orb. aud ,hr myrinls III planets into
one mnnstions world. and irhahii II
with giants ten miles high AMI eight
miles around the waIsiy
Why not flll thu sen with n few
monstruus whales. instead III foolinE
away time on chuhs and ninnows2
And here II another extract:
."fhc other day had a converse.
"tion with ono of the principal gentle.
"mcn upon thu, side. AMI | told him
"'Whcncver you can successfully
"palm OF on n man n bill Of fare fci
"a dinner. 4 shall believe In your doc.
urine: and when ! can satisfy this
"pangs III hunger by reading a cook
book. shall join your party"
A man can make about ns square
a meal of grccnbacks MS he can oil
gold. Neither would digest well, hi,
one will exchange for a good dinner
rs readily as the other and always
would.
Col. Ingcrsoll Ii no doubt In favor
of the soldiers petition, for II thci,
pay and rniions consisted only ofthe
"hill or farc." tho government In In
duty bound 10 supply them yet with
the real "shoddy' and "hArd .tack'
which II promised.
In speaking OF the hard times. Col
Ingcrsoll denies that there IL or ever
has been any suffering or loss for tho
want Of more money. He says
I'VE have plenty of money but not
enough business. The reason We
"have not enough business II. We have
mot enough confidence, and tho reas.
"son We have not confidence Ii be.
."causc the market Is slowly falling
land tho reason II Ii slowly falling IL
that things have not quite resumed,
"that We have not quite touched the
.'absolute bedrock OF valuation. An.
.othcr reason Ii those who left the
cultivation OF the soil have not yet
"nll returned, and they are living
''soms upon their wits, some upon
their relatives, some upon charity
land some upon crime"
In short tinlcs ars hard because
producers still got a trifle too much
for their products. Prices arc falling
md when they down to bedrock
business will boom, confidence will
be restored, and we shall be happy
The farmers Aro suffering because
those who left the cultivation or tho
soil during the war have not yet ali
returned To compete with them.
Too high prices makes too little
business.
TOO high prices destroys conn.
dcncc In production.
TOO high prices makes hard times
and prosperity will never return un.
III hard-p Il reached, and, 81
course. TO insure permanent proapor.
lily, lower prices even than now must
be be maintained. He concludes:
Limitation means going into debt,
contraction means tho payment Of
"the debit"
That solves the problem. A debts
can be paid only In money, and ~
nothing but gold and silver ars
money, the short road TO pay oul
vast Indebtedness Is to contract oui
specie volume by throwing All tho
coin and bullion Into the deep, dccl
sen.
But, perhaps, no has reference 4
the greenbAcks, and cthOr govern
ment currency issues TINT have bccI
contracted and retired. II so, liz
failed To explain how contracting thu
TREASURY note debt by Initiating I'll.
interest bearing bonded debt con
stitntcd payment OF the debt.
The currency debt. Ii II can rightly
lr called such. WAS blessing TO 80.
ciety, while the bonded debt Is a
curse.
When such nonsense passes nt pal
In popular circles, II II not strange
that society cllnRs to the bnrbarlsn
of intrinsic money and nsury.
How Ewing Unherse1 Sherman.
General Tom Ewing II not To b.
m,lddlcd by Secretary sherman