The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1881-06-09

Every move the banks make l. FOR
a rise in the value of money, They
will sometimes diminish tho value III
money. temporarily, to draw the pro.
Queer into the contraction trap, hut
they hold the expansion strings So
they run operate fora iisc when they
SEE III. They throw out one of the
legal tender coins of the United
States u enhance the value Ut their
bonds. They propose u take tho
legal tender quality from the seeen,
back Is make money scarce. They
retired $40 noe,u 900 Ut their own notes
from circulation 10 alstu,h values,
Their latest move IN accepting 81
per cent. bond for SIX per cont,
bond is In the same direction. Two
hundred millions of the bankers
bonds Mere lne. One hundred and
nifty millions uf coin could lie spared
from the Treasury; hu, the Secre,a,
~ 81 the Treasury and the banks
joined drives 10 prevent ,he paymen,
of Slao,oua,uuu bonds how aue,
They accept u lower rate Of interest,
~ lull III. people 10 sleep while they
perfect their schemes II lacrosse the
value Of money. They would hold
their bonds Without in,ens, rather
than their bonds should he paid with
the idle hoalas, II some ot their
bonds we've paid i'll grrenhavks OF
national bank notes, they could ~,
tire the sreeahacks and bank notes
frem circulation by re,lemr;ions hut
ii their bonds are paid in coin they
can't drive Tire coin ftom circulation
and all lesvmcnts OF bonds from The
cola boards is that much permanent
Increase vi the volume of money.
What the New York Tribune term.
II great achievement" and A "saving
vi si,ano, 100 y Year in Interest," is a
device 10 prevent the raymen, Of
Slao,oeo,noo Of the public deb, frem
money that could ~ spared as Well
rs not. IT reducing the iaterest Is a
great achievement would II not
he Il greater achievement 70 stop
the interest entirely on Slao,a0o,eun
Of bonds, aud at the same time aid
Sla0,OO0,oOO Of coin u the vol.
ume Of money now III cirenlaslons
IL that amount of coin money was
added 10 the velame of money IL
would take wheat on, u the bank,
er's bond and put il back in the
farmers sranary where IL belongs,
10 take wheat out ef the bond would
make the Wall street hogs slaeal, as
II makes the farmer sauirm 10 crowd
more hog into a dollar. III the coin
hoar,ls can be- held locked in the
Treasury, the bankers, hy retiring
their Own notes orlcleeming grren,
backs, can hold rtiecs down IL the
present low Level; hut ii the govern,
ment should let slip Slaa,uoA,0Nn Of
coin into the channels Of commerce..
prices would rise. and rise u stay,
because the bankers cannot redeem
nor retire the coin mona circulation.
The"soundMoney now In the Treas,
urv would he just rs sound" IN the
pockets Of the people.
The larger tue coin hoaySls held In
the Treasury. the greater Is the val.
ne Of the coin dollar In circulation,
Pay your bonds With the funds on
hand, and the rise Of prices that
would follow would give profits 10
the producer and take from the
fnndholder's pile, Hoara your mon,
cy ANT YOU make scarce and dear
the dollar we uw.. An .inllatians
II the currency By paying SlaeuS,O,
ONO bonds With money on hand,
would Increase ,he value of every
hog III the sraIer back lant. and
diminish the valae VI every bond
remasning uapaid, Shall the lesls-
la,ieM II ,hs country be sha ped Tor
4 rise III hogs OF rise iii henass
Are We under any obligation IL hold
hoaraea the money that w ONE, -
as 10 take the PROFITS from the me.
Queer 10 strengthen the public esN,ts.
it, The 'patriotisms of the public
creditor In accepting the lower rate
OF Interest comes from the fea, that |
il he don't da il, enough Of the h0na>
will be paid To dimlnish the value al /
the rest unpaid, Shall We hold the /
boards Ia Increase the vslne os bonds /
ct shall we pay oat the hoa,ts and |
let bonds fan and hogs rises In the /
conflict ,ha, i coming. ON one side
afe the Interests ii the owners al !
funded wealth, on the other side an,
the iutere>t, 81 shaev M.a anal NOM, |
III wan cls'a,c tna wealth, The vital /
l.oiat il this conflict i, Shall th.n' !
Is 4 risr OF a sall IN The Waite Il !
money - Grasses Ea3aSfer
Where, the White House cass,,rv- /
a,u.ys Now l. the time that Ma. /
hohc is in teal need u / bouquet,
State Press.
YES, hu, - he is 10 ie buried in |
The tot,er,s field he'll have 10 tore. /
- that triillng Memeato from late
There's non, 50 poor as |
% do him homage now."
II afyeed cHfreRca,a such IA il |