The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1879-10-31
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fartasAas sisa wai kshsfs hAve rinsss, tile hsnss
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ienisesslasN% arr asstfasssg, ~asile thousands
hAvv fnanA " ssie II liAsvs VI snss All etAs~A
f~a msllsun tramp. aud l.ile wuf1uvn eusn.
flete tis# monument III l4yasAl8h Assl tntn tlAt
has hs.n resfr~l se r.mmFnafs.e tie eleisss u
contraction, ~hith iassfvAssh she sn.tus value
ef she firh bs fahlgins iaisaf lrA, thN mane.
sAry commissioners we're tiehts contraction las
concentrated tiss wealth ~ the canutfy, hAH en-
rtesseti The few, and impoverished asa sl.gra1rd
tar many
W. nnw rvtrare unS sssrs VI II rair~ lnsu sAs
iofsla~l ,lebt SYSTEM have already stated
that the capitalists Al tls commencement ~ tho
war refused ~ lssn nAr HnvetnmtM mufsy
Ahi thus eomreiesl the uavesn.s III ~ fali
"
Frncy nerFsif Inasr the act III las9 4. we'll
m lhc ars ~ lssSs, tir h.I irss III aiarai,aeks
conld fnnd them into lsni~, anil shen II WAS
rrssn sAA' thu tn,vn would iw ~Avs4l thai the
army, hsek.l up ly the erecnha,k, ~a~ Kasng
10 sappfs~. ihe rebellion, tile lalnuiic bankers
and aanss luanef- ~ Tie world cav 4 rscl
chance for ~. sllasiatl, tinll and SILVER were
brought out uI sh.lr hiding places. aud Hold 10
The importing merchants fnr grshhkrk~ nm
nor.cis wsre compelled s!ray esn Tor vnssom
INTO henda Alt'nusl, ,hes purchased 4. %
RreehbA.ks fur vi vi eoin. thy bought their
iDsrls With krecnhacks, tsulaf fur dollar. liy
this mnAns the money which tho people we're
using III the tfAnsaei,on Of their hnsi'ie%s was
TAKEN up and III lis piaca ~utc issnesi ihsrrras.
brarina, un,Axed bonds. taking away frrm tho
| people tli.ir ability ~ pay, aud a tin ssmc
timr Increasing their bnrhrhs These bunda
~ctc purchased, according ~ Oliver " Mprton,
| on An ave ago ~ moi OVER ~ cents ON The dol
[ lar, aud yet Wa have hsch taxed III ppy the In
tsrcsl IN sol,l On their fee vaha iiay'ng ~
| cured thcso h1Ads WITH u deprecated currency
nj A heavy discount, thu neat move uf the con.
sprAtorx was n inc.csro theif value and make
| them perpetual lp Ia lsiN To onc pretended
that they. were payable u coin. The Demo.
cratic national platform of that Year demanded
their pa, mcnt In gfesnharA-, the hcpuhlicAn
/ platform demanded their payment according
/ 10 tho letter aud spirit III iho contract under
which ihay were creAted, Tho Indiana and Ohio
Republican platforms slen,snl..l their payment
| la 'lAwful money!" all virtually ,eclaring for
! their payment In gfecnhacka den trAus was
elected President, An'l lsa irst bill hn rignei
| wNs one declaring the pubic faith pledged to
tlte payment of THESE h"nhs In "onin ur itn
| equivalent" by this single at tlao hoadcd
| debit was Increased IN valun sfs..sbi ,Afl, this
being tho difference between ihe coin ant eur.
rency value III thu bonds ~ that time. Whom
| they added that mncl 10 the value ~ tito bonds,
1 they increased our debt taa' amount, and look
that much out " The packets VI tito people aud
gave Il t0 tho bondhoIirr A more slArin. boitl-
! faced robbery rever dssfaccl tile aniais Ut
| any civilized eomLtry Ills act " Ism war TIM
/ Ttiikn IMPORTANT sIkr nt riE COMPUTATIONS.
| One year later w mud these orgAnExed con-
spirAtors again clamorinH for legislation IN
| their favor. Tho ~ of tMiA wA. Nncoh~tstu-
| tlonAl, and they knew \. 4 MAS IN st pnst
! Jaffo law, : law changing tho contract after tho
/ contract had bean cOnrnEsmAted, and therefore
| unconstitutional. They now demanded that
i these bonds ahould bu funded Into lnny. Tina
bonsia and made payable In coin, agreeing 70
/ take less rata of inserest, Congress then
paused tho .'ltcfmnding bll, by which those
/ loyal slender bonds werr taken MP, aud now coin
| bonds, running for twenty ard forty years, wcre
iaauod In their place, Aud then tholr political
aasrAps came hoiorc the people aud told ~ how
they had reduced the interest, and what great
] saving Il would be 10 the people. They forgot
| 10 tell that ihey had taken up bond that our
! Government could have paid ~ any Time and
] Ttd tho country If ovOr elts, ,OnO Oun of annual
gold interest, and had issned bonds that 10
i welC entirely unable 10 pay n all; and that,
under their cursed contraction, l and y per
] cent were greater In value than y per cCnt
i would have bccn had the currency reinAined %
II WAS ~ thu close of tho war. Tho funding
Si SsTHfa III, "srA.r n" srEr or rl,r rooSsrlnArons.
In sii silver NAs demonetixed and Illus
those hOnda became absolutely payable III gold
oaly. Under tho contract u ls.t', the refund
Ing bonds wcrU payable In colluf thu standard
weight aud ineness II that date, and tl.'3
/ grAlns of silver made standard dollar, but
/ these repHdist0rs had no rcspecs inr cunifacis,
nor Ter the people; their object was ~ fAnlen A
/ permanent debt around our necks, aud lay
! tribute npon N forever by compelling lilo puo-
pla q pAy pcrpcsnAl in..rcst; Tor tins reason.
One-hAtf our money wAs stricken from tho
/ category of currency. Silver had passed cur
rent IL money frum tla dag nf AbrAham 10
! Grant; and Mr. Iilsine. Ia his Chicago speech,
declared that uod Almighty hsd made Rold
American Congress not only oversnling tho
will 0f the people by III Aci of reputation, bnt
| III Mr. blaine II correct. aunuliinH tho
decree of tho Almighty hImself This
cnormons debt, ~ y now stands, Y
perpetual debt. absorbing tho hfc.blool Of
our Industries eating m hugo cancer Ut tho
vi'Ais VI tho body polstc,. .rcAt sponHs Rh-
1 sarhlnG our earnings And transferring unni 10
/ tho pockets of untAxcd AristoclAis. It's gseas
barrier, standing On III. pathway II prossMrliy,
mAslssrom gathering In thu substance of the
people, and wreeking every bark that launched
/ On thu Industrial seAi II II = millstnnc around
| TIM necks of tho American people, sinking thull
| dawn III dc;ti Walton, serislon, slavery. Aud
| thia Ii tho inheritance that va ara 10 hand
/ dawn 10 our children.
/ We have already paid this privileged clAas
II Mntaxcd AriHioerAts since tho ciose of tho
war ei..v, ,vf;i sunsn III gold. ~ Interest
\ On thor bundn; more nt0nuy than II
took " ray tho total expenses
of tho war, figuring from gold
bAsts. and year After year we pay out 81
/ cur scanty earninxr, In round nnnlbcrs, nearly
elm, ,nu, do a. interest 10 these uten who do NOT
pay tho lAx On their hoiisls that e.incAtc~ their
| children or tmilds tho sidewalk AlulH their
4 front doors or imrrovus the highway over
| which tlvy psss. Was thu intsrsst On this