The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-03-21

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lssh sftt IN sss sfusssse. fssssu slle ftss lesss
III wiseh essssssaessen issasa. ne iissisrs II 80
Secretary. has hsen nsshsA ls sa Hhs sHAii1a
alwsstHssy. "a pnsf'se. With - aslsnsslss
ruald rath AuA na ,nlsfassates eana ssfs*t
w. ssit hstass N iea slss 81 ~ it Elnentsa u ~
Isfisnse, as4a therefore De ruslis nn tbs ssa
sfa -staa ~ tlie rnsfvhcs, even aftf II vas ast
lsfeni ihas renstaettan VAS Afslng NJ III stfs
IsfH tfaa1 w hnstaH -, ~ susan~fss ALL II ;sra
dmrttssa III ~as - wpil kaa~a III III ~ II II
~ slas that contraction. fst tha 1affssas III ~
ahine sha tiasrfnmsftt ~ resume %fHrese rass
msa rnni have bns sans " suit asal tia, st~sllt
NuM " universal tiss'faA@ In. sAfsslrHfV
III EnElaad from i~iH w lslN sAs hnsvu IL
every STATE r-lnAn II ws~ known tia, ~ Nlsh-
dta~ thc rnrrrrrx would " " rnsysi THE -.
Ill % idirnrss. to a,asvsslna eni In n~efs. II
! I'll tlnh0 -, "a tntlal. als stefs seyaa*iah III
which the experiment had heen tsssslr III ~ssa
vhen the outrageous aud ru' +shnsa, system N
contraction WEan ~ enmit mss IN niihle sn I
private Disasters. int al ~ piping is ile If
universal loS-s- which hal 81 Iii With ealanl
tanr rnin the iircs ~ The Treasury Department
were forced is,o renewed tlameT 10 burn unt sls.
very -su VI hope al II e'efgy. les, ii The very
moment when the il.ia.s. and rro.petits 81
the csunfry demanded the issue ~ national cur.
rency every appliance the desii.h n-aIelles If
forrign aud h.'his.fsa rspariss far hard maney
slavery ~As sei io Mofk 10 fesd The rrvmaiihg
flames nf dcr'ru stian, hy Withdrawing and
burning Tho only means 10 arrest the almost
universal desc aioi ~ the business intete~tr oi
the country
l, was then that The secretary " tho Treasury
len, h,~ all anA ha inIluene. 4, rtili inurr AZ
grayatr ,hn ralami' yis rssulss OF contraction
hs supporting the finnlcnt ,irnni,nti isaslun III
silver mnI. dial,viral infams nrsrr slar.
ae,rtiyaa All, pubic ~nitt,ilr l, was Deliberate
ahl pt,m.fii a,,A ~ mean~ III forcing tin
tsi'nl STATES nt, dependence npnn ,he tender
marsir- ~ l"t,tsnn u rr-. II MAS taking from
thrn Ne.ahcnt alsd from thu rsulir il,ur prll,-
rilAl nlsaiis ~ meeting the y,fy Il iinas,i the
specie msiiae~ wrrn fnrerg upun III. 1t was
financial rnirric, hut lnin sherman anil lis
& uNAH EltMss Wv tafNlNttHttf Ut Nne 3WfINuux,
wu~J IL rhaiippr- Ilsen, tao, commenced Il
Ne sy-tcm ~ farming out umr boil,is III srast,
iaiivr -yiuliears--a system III nniieh treasury
blosaihunni- AZ The expense ut tho people. w
afc beginning Ia understand iis operations. anil
We arc lwElnn,ng ~ sec iil. alirrs uf boarding
u1 hundreds ~ mii,.n H. u,eet tile deinai.i faf
speci' tho law for specie payment has forced
npon uA
II 1, but few days sinco the Secretar, ef the
Ir asnfy furnished III iianies Ut tile banks AMI
hanllng institutions viii, whom she Idle n.ofs,
OF The United Ata'es has been deposited. 1he
large amounts with which fayoritc hanl~ have
been permitted u speculate liar startled tile
whole conn'iy ~ bc designated l.pnrlsef,
Inltoi y ais trnarnr, l,as heen to ba ~lln
Pile with nnlimlicd capital To traffic ou III.
nisinriNles ~ tho people. Millions ,ips,n
millions ~ money l'as" haen permitted II ~.
main IN shc la,idr " bankers Nitllunt interest.
when tile people have been foread IL lAs Mi.
4 lnusi exarhitAnl usnrs for n,ulu, lIeu.l~
were put on the market " rairs nianes. viii,
tie asuw.l object ~ iassenins tho ia,alrst o,l
the bolr - ~ tAkun vi. Nha. has heel, ta
result A simple statement ~ farls WILL sl4s.
that the real design has been 10 perpetual. III.
banlel dnlt. and not IL iesseI tr Interest
I The early ISSUE of bonds we're tast falling dir
] II ihsy were paid and retired, ~ iiey should
have boon, by issuing gteeAbarks OF full legal
tender. We should not only have stopped III.
/ terest, but ti,c country would have beei, r,,t.
piled with tho currency every inser.sl
/ Of public welfare demanded Bu, M,
/ Ii that policy had heen pursued liz
money iiessans would haso had no op.
/ porsnnisy to lord Il over tho productive and
lalorlns Interests q tho people. II We paid
/ the bonds tho banks could not draw oinl.
i interest interest On tho bonds and interest all
The money isrucd nn tho honda III w pai,, iii,
| bonds there would bc no ari~torrAise means ii
u cheating the Government aud the people uni III
the ,ax.~ ~ s..oa'uNi,,uu u capital nov IL
q tAx4 "
l paying tho bonds Ia greeuhaekr the whol.
country would W. prosperous. Every lah,rur
would have employment Every product NonfI
have M rke, iudusiry would IL rewarded
lint alas. IL that Was done. dead capital eaui.
not lord u over the land, tho Insurer could III
a,uAl thc homes and horcs VI one haf ,I,e ii,
htbitants 81 the country for 4 quarter of thri,
4 value, aud Judgments and executions unnl.
moi nll tho land With lunaey. despair, Mi
suicide.
Io keep mp th. state Of shinys NO mus
keep mp the bond SYSTEM and 10 keel, mp iile
bond system there must he pretels. Of sas
/ ing. 40 the cry for bonds. at i low rate uf in
teres,. Al b long time 10 run sio keel, on
ehildreur children Ia l,ondrl, MAS started. an.
TIE T. per cent, series we're put on tho market
Then came the agndiea,e sanlle tn all III
bond sNin llc Tho interest on il,e oil hanl
kept eating away. while thu ~ a cate VA
selling tho Al per cea'A, aid suttng illesa i
eating away from Ito treasury. Tic synli
Gators Would keep reporting sales. rsessn
money, and kcapins n for MONTHS aud inuusll,
I'LL accommodations III tho hands of 4 ~ingl
branch of tho syndicate reached e.a. .uuHltsA
All this time thu old bonds and the new bond
were both drawing interest, and butI exempt
ing their holders from taxation.
This double intcrrAt, added IL The prleetliAR
pAl HI tho ayndirAteH for rctrlstn. aud kterin
thc money aided ID tho expense III getting ~
tAn Upttit2U ,1lH ltlntIp
has amounscd 10 moro than oil the difference
between tho interest occurred BY the old hon,i
| and thAs proposed by tho new ones iins,s lin
secured tho pcrpcsusiian of thc bond ss.tei
for forsy years, unlcss Tho people rpe and 7.
III end 10 H.
Ihe Amo,n, ~ ,n,crcs. pa.d BY the srea.nr
OF the vbi,vd state since VII, 10 carry pui ID
transfer from tl.. did bonds 10 tho new luId,
has bern largely In cNerss Ut TIM reduction p
reason of the Lesser ratio OF intcfest IT.
amount paid 70 syndicate agents. And ~
amount os interest Lost BY tho money left
|. tho hands 0f the depneio,iss designated hs III
syn,icAte agents is larger than the entire cal
| iiAl of the OLD init. Niaics Rank
To day thu currency In circulation 'lpev Z.
exceed 9io per capita. hut the market fut Y
per cent bonds il lrlsk Not dollar can !
lnAnci fos legitimate bnrinesM enterprises, 4
tho United states III In ihs market A. \ b,l
, rover. and 10 ono viii lend ~ individuals ~he
lhry can loan w tho uovernmrhl Tie leplf
7 mAic demands or husine~s, ~ create y rea.
/ market. quick exchanges and fair prnir, q
, n.Ana al least ~ prt capita. W. have u
moro n All d quarter of that sum, tie frrnls
tn painfully conspicuous Tor any one y MI
take II
business ID 81 : stallstill Factories y
closed. Ten thousand failures in tho last ysa
Millions ~ men Arc existing Ia enforced i'll
ness. Want and starvation aud misery =
: hctalicl from eycry quarter. III. john She
{. man has formed i nrM syIsiieat.. Tho Ja,
!. have gnt control ~ umr bonds, aud The nfliru
!, tho Government ~ the United Mates Ia und
,lle Sign ~ the ici shlsld
y The t,oiha'hiid. have taken i,s~seessian of 9
Il and yei thc isea-ury IL the tAtsesl ssAtes !. !
day loaded so~n With goli More than eaa
!. .saj,u I'M, IL specie il piled Away " AppeA~e
!" appetite of that OLD curse. Apesie fa.msi
= hi. sIH cic has been gathered np that W nliR
II be able ID sAy that the dnsetn,nsni could u
il demands III specie. Piled up - enahl.
10 say Wr have resumed Hpccin payment. VII
i nobNlv want. sn.sie. rf0l mp - ! slla
n Filed ~ ~ fraud. II Il Int aham, Tor
y Anybudy wanted specie In preference 10 d
II paper money II would Vanish In day II.
el.at