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

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ssssnsssyn. f"r ~ that sine tiss hahh ss%sS4A.
iian wAA ~ osesDsyri IN N ~ rsesse hind ~ ess
operative asna ~ rHi~s Mi olst,osiiinn ~ she
systesn. AMI sn fufev Il tnso centred N The
WHNHfT& w NUt HfHsi Ft&WT 1HtN f%a aIf*fhsFN
And united ~ ke~p slise sia national dcla. h.
drive thc gsvnttaek irom rirrnlasian, 10 fesiss
tire use vi silver, and ~ make nAisuuAts hank
currency the eaie msslum N esehangr In sha
United stas~~. In rA,nsnmtnah thlA shay made
ierms with Jnhn Nhefman The iAnks we're 10
Anaucially. he II ~ das. ~ tlrsu. of this lar.
gain, candidate fuv Tho Presidency, and mere
than sbN national hanks enrpufs hts ptrt~n.
stohs The Hsnh Association " ih~ most osn.
ntroisni mouryesl cligarrhy sl.e world has ever
sten combined. \ conirols ta.Ws,ss.uu "
available capital II n compact monopoly
with snrplns profits IL siss.us'up 10 es,,end
~ u pleaesA II holds ave ilmcs IA much In
fescrvsSt proHss ~ a tender ~ it, political In.
nnrncc ~ The whole capital of the I'D United
ntai~s IsAnk when II dictated scsms 10 uongfc~s,
political Law of ii~ lasd Tho bank A.socia-
iion y tho polisics! machine hy which The ma
iiunAl hanks propose IN oycrawe Congress,
designasc the 'rweidcni, and iule the land
Tho banks srs mol only The n,ost po~etfnl mo-
nopoly ever formed in Amtfirs, hut they know
u Thclr own circlo has declared:
That their machinery |. now In working or
der. - -ihat the hsnls can In any emergency
mcs turether - 4 stugie days notice, and with
such power that NO ~. VI Congrcss can over
come ~ rer-i their decision.
This Is thsit owH declaration and u this dDs~
not constitute Z monolsly, ID HcAves,'s name.
what doesy
Hui thls In not all. Tho New York fribnrf,
ihc organ ri tho association, says that thu
rarisal of Tho country h organised ~ lasi." !"
anil u tAhntingiy blAsta aihas W. shall
Further pi,of of the ai~ntsli,y of Mr.. Mct'ul-
lorVfs position would le III insul, to common
.cnse.
Tho third point argusl BY tho n .Accrrsary is
that national t'anks arr not = grvat money
power dangerous tO tho people" II not, thcn
Tor whs, purpose have tMy combined into
gigantic sssneiasinn. who-o machinery IL ~
affansed that. - = single days notice, thcy can
uveisoM. ot rcstss the dcrruoM NJ Congress- -
II thi. II mot power, what IN ~ II II In not
| power. and eomhlneA ana insolcnt power, Why
do they dare Congress 10 ~iy In thc face VI iis
combined strength aud influence, II the hanks
arcIol great money powcr united 10 control tho
tlhAnres ami tlr legislation VI the nation, why
10 they interfere IN every Congressional clea.
'ion snd Hhsre THEFT opposition or their support
/ lipn the fact whstt,ar the candidate II favor
sliie 70 the policy decided upon hy the Bank
Ana. again, II ti.ey arr nor great money
towef, why flo they bold their National Con-
ycnfionr. issue their circulars, debating thu
linc :f pol'r, ~ l,e pnrsned aud agree 1, cs-
THEIR sss;emy II N - much of power that II
e"ft'rols three iifths of ihe press. Mr.. McCul.
lneh aaniitr fhH M"nsu II i3oWsr. and yet he
dceiarcs that s.,unlts,,up combined into an
n~0V'ih'HH Wuuse bItext1u hfINQ TV9eu tulu
every ci.y, county and village. In tho United
sint"s ai,i which n dotcrniincd ~ control pol
Iiies and finances, h not = dangerous power.
Nicholas Diddle. with but eas, s,dn, ON,
and less thai twenty branches. wss
enr,'. y n.,,u,.,. = power rn,..s ED dsa
aud neither Mr. Incii. Mr. Gse. | Hr 'sisal sischssl
Or Mr. McCulloch would admit hls superior a.
pAciis eitlacr - manipnlasor at money Or Of
mon.
Power ccrrnpts the .icspot u money ~ read.
lily ~ II docs tho dcspos of men. Tho simple
fact that 'lc Iiank Association was formed
r. combine the pewer Of money Tor political
pMrpere~ u beyond oil dispute. and the fact u
equally indspntable that tho world has never
eren ~ atupcndona \ combination Of capital,
and thcro Il not msn IT political Information
IN TIM United ktatcs that does not KNOW ,has
the association Ii 4 mere political machine
The clectioas In Ohio and In Massachu sctts
last year were carried BY thu influence and tho
n,oncy III tho bank Association. II In the uOsl
danReguns, Vee nt0st iNfAsnOus, and the mtss
nhryrupnIons moneyed oli9archy ever or
Ter u tras, Eitlssi vieilasc, y tho price
~ nhrtty, ard, nnl~eb lhe people flse In their
.'rens'h and break the chains wlihwhlcL consoli. |.
awake IL ,cisera There Ras lsc.u no no great y
s'atrsnsan, from Jefferson 70 Benton, In the
Democratic party, or frosn Porter 10 Glay and
Webster, IN tho old Whig party, Who has not
warned the country AGAinst The influence of
cspitAl, whom combined with banking influence
-"i~scs "s 18th sns. Z III Tsomss Nors dsaonue", @
banking undor tho shelter 0f 00vernutsnt -
Nothing 1cae than ) certain conspiracy NJ
rich mon 70 cnslavc. By monopoly, the labor Of
the lalNior.'
Tho power 10 issuc aud control the currency
Of tho nation u tho most poeent of The powers
o. %s ss s. s sos ss.,s s,":s 2.
from ii,e earlicst history of hanks have sought
~ cvory dcvtce ~ secure tle pOwev. II v VI
gatn the cOuirOl Ut tlis vast lever uycr 4s,'u,,
IND u people il,as tho BANK Association u r..
rtcisine oil tlsc tnnucncc money can control
and AiI The power II can exert.
tom independsnt of tho bond pollry The 81.
lional Issnking Law y probably : scod osc. hut
III tl.r uanc vi common sense 10 not expect l,c
people - b. iax@l 10 pay him q bounty 70
sharpcn he avkhly o. enhance his grasring
scloshnGae
Tho banks and Hank Association have t,eeu
vcr and q fosce On tho farce called sJTcts pay
mont Tho object he's been q MI The green
hack. Contraction and cremation Cf the eur
rsncy was IN absolute requisite y Any ksea of
specls payment, and therefore Mr McCMllcsh
u forcsd 10 deftnd Tho national hsnks By advo.
enough 10 say thai shcrc has i,een no time
when industry has languishsd o. whom ths pro-
tiuciiun u factories and ndlsls have failed 70
fetch rpmunerativc prtces by rcaMsu VI ; scAr-
city of money ~ pay Tor shtin. II this h no.
stubborn iusolence, is iliocy or II h deliberate
misrepresentation. Oar circulating medina, has
hecn reduced from ~ pr capita 10 ls~s than
eii, shd much Of that h locked up. l'sirs VI
commodities, Of land. Of labor, and RI overy-
thing 10 be- eaten, 10 b. worn. 10 ~ used. and 10
10 consumed ere reduced Durs moi tlsr fsrucr
know that no dors moi got oi,e half sho cuss Of
his rraluetay Does mOl the lat,user knoW that
be cannot support his family on Tim waGes paid
himy AMI does not th~ mechanic know ihal
his easnlngs asv dimtnishcd moro than one
haify And ~ pol ea0h oe these representatives
~ labor and llfe know that conitAciio0 u tho
cAmery
There u po pTinciplc Of political economy
tctter settled than thai The rfices ~ prolncta
And laiUr, indeed of everything manufactured
nr raistd, d~gssnd upon Tho amount of money
In cireMlaison II waa contraction, and cosi-
traction alonc. which lorced atsnt.ttA u labor