The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1880-02-27
sAAat ss


/ s#sMaNA s~Aw& - AmaMAA sAaee 49,
ca 4M4s e*ssm4sa nss*~ 49, - v
sssesss s4ss~ Assssw* a 49,
- ~#A#as#Ae y y sAAsa twa -
a 500 49, s##~ws4 u ~ AAs 800
##*s r~f -
~ aAAssAnAl Nsss v4A tAA#s n
~ s~ews sisA 80 - ttes ~ sA VI tssgs
Ms* s~s#s A. nsss vsa rsss y
ss~t~s@auesAAs ssNAe tass~a A4s.
Assts*s $50 F~sassA A
taua snA Hass 80 sAt #Hss " #su
- setaA#A. y sae ##~pes fsAsA ansA
w. Az w. wrt ss4A sawe - w. N
ssts <Nss*s u ssesss asas
Atsse asaAns ssssswss ~ assas. II
sapnsY@ sH ssssNsAse fl rsvass AZ Asafl
e~ee tav asas sAs s.sssAs 4 nWss tt4as
sss4s*. " tmas@ssss ssssaMsssa sgsus Il. "a
Iavt1~nrA toss t~saHs*& ssNN re-
AvF*satdas tAAs fs~rss~nFas ANa -
*ls ssaHs ~ Aes sass sasaaA sssia ~
- 30, aals tsssNAsa sna n slss as~s4 ~
hr*st.t~ns4 sN4~se we " rssNs a~s4 A
~ ts#s asla saa hs~ss $50 ssaslasA ~
snraass~aas vssHssaisAssae fsssNs shess
/ IL ttssssAi v~l4s~i nhA ~ s4nAnessmss
sAHsMsss AnHHrAaa snsr=s IN nAA salnsa
tssn stsTs at~assN ssnAsrNas*, fasstrn
sod Ansresssts
lssgsasasaasen. s~asissnsiauwIsssn IN
fsAstun. Ne Nss ihr snsnnns .nl
stnhssn* srisesi un III lsuwi stusn thr
tvasass fas ga exclusive aHaieaal sas
ssfes
As@Tstarns m spishtas, IA ,nisrvnre
setIsaisan, rsv@ns ~ n,rasasr ~ tie
affirmative. Tint National sasferes ia
National htsrAsitss lss~ans. il saassfis
ihr mint rntumrn and general th.ntt
nntsnnsll interests n ihe i+sr'v. II
caass there shanld u. M ..sNsi III.
vasce Nriwern State md private iinan
riefinr nnl l~ranse, VIZ national nnn.
interest isnnds a. vi. rnfie1ss, W. en-
place oMt debt MI rss IT, but rianA
n i'm a nun*int.rst condition AIMING
the people wln ate u ras IL l. this
population Isn il. LIT rs trpndialr.
and amend thc dictionary.
4 national hnts II lnnd a national
evidence ~ debt. AMI Tie difference
between eiO0 Cfsenlark and siuu
interest mnd Is the interest, lsn,h
rcptercnt The satar principal owed hs
tlir Government inr value received.
which principal can only bc pail w the
bond ur note brins cancelled. hy I'll.
Government nay ING ont ether currency
" value treceiycl from taxrs. etc. for
IL. or by receiving il directly for 81
much tax or ether debt due tho aov.
crnmcnt.
Not until note nr bond Ii destroyed
II Il redeemed; then 20 much debt IN
lMil OF. And whether The Government
buys lii In note nr bond with gold or
other intrinsic value, or receives the
note or bond for revenue due either
way getting n back ind destroying it
~ II redeemed: aud either way must
the Government havc Withdrawn from
the citizen thu amount of TINT note or
bond, hy tho direct receipt III such note
Or bond, or tho secondary agency III
somc other currency, before that cvi.
dcncc 81 national debt IL In the final
| possession ~ the Government for its
destruction, and thereby for tho pro.
portionate decrease Of the public debt
Every Rational note or bond lc.
s'roycd, and not reissmcd by suhsli.
tntcs, IL ~ extinction 81 public debt =
nothing else. Aud the process of debt.
extinction II only complete hy the
! eventual and i!nal possession Nv the
Government 81 its own note or bond.
hence, buying that la with other cur.
rcncy N \ costly cilcnmlocution, II
could and should BE- directly paid III
Tor public Tux or revenue. aud II the
Government subsequently reissues II,
instead ri canccling II, there N no In.
crease and M decrease III public debt.
| II the whole national deb. was pro.
portionasely allotted among tho people.
and they unanimously resolved to
consider tho deb, cancelled, and IL.
A.ray whit evidences of public deb,
they held. that would not be "repnlin
tion." II womll no the people directly
taxing themselves 10 pay thu debt i,
the only possible process paving away
destroying 80 much III thur available
personal capital ~ would aggregate 10
thu amount ~ tile debt.
Tho "cry' about a note "pnying
q note In Just M scEselesA ~ It's
companion "cry" TINT tho redeem.
ing 81 nationsl notes hy gold pays the
debt.
II tho Government discovered a
bonntiiul gold mine. monnpolixrd its
product, and coined and iss,rd this. 1t.
own gold, II would have gold 10 redeem
tn notes, and goil redemption.
Int tho Government cannot got gold
without paying iis full value for tler
material. and no the citizen must con.
Time 10 provide Tho value that re,locms
public dcht by large pa, mcnls yeari,
on hls property. OF his tobacco
matches. etc. IN fact, the earned ~
owned value q the citizen. given ~ las
or donation, Ii tie only re.lecMing nj
,lium of public debt; everything else !,
lint Nh agency of redemption" and 3
measure and representative III the taxed
personal value deprrs0nulixcd.
Az the debt can ba paid only h. M
actual cxtingmiAhment of tho amour, 81
private capital tho public debt mcAsnrc,
u IN the interest III taxpayers aud cili
, Gems generally 10 avoid this vast dccrcas,
81 personal wealth necessary IN pay III,
debt ~ long ~ possible. This can h,
effected by thc only secure way 81 pre-
venting population" = by having tll'
people own. ~ we'll II own, thr debt :
by tho lArgcst possible nse and circn
lasion for national non.inlcrust bonds n
currency.
farmsrs kh0MlA NtMdy Finance.
Perry Englc writes the following
! scnAible letter 10 farmers. which IL pub
lishcd In recent issue oi tho Nnt,0Ha
J vt1r.