The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1881-05-12

II Will give Won st the end OF the third year or
the war eS6l, OOO, 900, and still no bonds. In
1865 lthe last year OF the wary you expended
tl,2g7, 0O0, 900, but 81, 000, 600 Of it was ex-
ended for interest. You lost by discount
1855. o0o, 600, aud yon paid taxes eS33 0CO 900.
Now deduct these items from the last years
expenditures and add the remainder to the
tS6l, 00O 600 previously Issued and it will leave
you ut the end OF the war with oil expenses
psid and with but q. 35s 0o0, OCO Of full legal
tender money In circulation and free from the
curse OF bonded debt. have given you the
figures III round numbers. l have them here
exact. They are taken from the treasury re-
ports and official tables and cannot be euccess.
fully controverted III any essential particular.
Now what did you have - tho result OF the adop-
ton Of the theory OF Wall street, You had
in actual circulation at the close OF the
you have paid III interest alone since the year
1862 by the official figures, over a. 800 900 900.
And please do not get scared yet. You still
owe the debt. And do not let this trifle fright
en- You for you have to pay 81 000, O0O, 900 more
In interest before oil the bonds finally become
due. Now this foots up u net loss to labor OF
over sc, 000, COZ, 900, and a consequent gain to
capital. II was taken from you as the result Of
scheme and put into the pockets Of men who
would neither work, fight nor pay taxos. When
We show these things upon the floor OF Con-
grcss, and challenge the world, the flesh and
the devil to disproye It, they say, Oh! that is
not an issue. Look at the solid South" The
second scheme was the establishment Of the
misunderstanding system In 1863 amended i'll
1864, and then in 1874, in the very midst OF the
panic. and when the laborlng men we're out Of
employment, they authorized them to ike their
money out Of circulation, in whole or part, then
in 1876 to issue il again without regard to limit.
| have no quarrel with the bankers. My
quarrel is with the system. 1t il m iniqnitous
&oxA trt 1uuia1 "a In ~ -,
these Government bonds without touching the
interests Of the banks. The banks and tho
bonds are like the Siamese twins. Death OF
tho bonds il the death OF the banks. II You
take the bonds ont from under the banks they
must fall. A Funding bill Was before Congress
a few days ago. A majority Of the Congress-
men thought It ought to pass. 1t authorized
and 6-per-ccnt. bonds for lower-rate bonds
per cent. Tho Gre nbackers differed with
those who favored tho i'll in tina. we did not
clieve III refunding the bonds at all. We aaid
they ought 10 be paid, and will tell Won how
We intended to pay them III manner perfectly
consistent with the sirictest construction Of
the contract. said we differed with them. but
4 majority or Congress differed with lis AMI
said they would have 3-per-cent. bonds and
take mp the fiyes and skies. We struggled all
n ght to get that bill through. The Rcrnb-
lie ms said thev would agree to allow the bill 10
pass il the fifth section WAS stricken out. VIVA.
was the fifth sectiony read to YOU Mr.. Gil
flian's report that thu Law authorizes the banks
to retire their circulation in whole or in part.
his section was to repeal that part of the law.
Mr.. GILLIAN came before the committee and
a.ked that the fifth section be incorporated in
he bill. We got it through by an all-nigllt
session. None Of us thought il would ever ass
tue Senate. But when it passed the Senate
hen there Was music in the air. Then LOBBYISTS
were sent to Washington, the telegraph wircs
were nearly burned OF again, and the gall. rics
crowded with capitalists and bankers. who
called the Congressman out and said, "If you
1t this bill become 4 Law. We viii show YOU the
everest financial panic this country eyer e.
psrenced. Black Friday will be repeated with
vengeance. We will retire t2oo, 900, 900 and
cha stse YOU" But the Grcenbackers in Con-
gress and most Of the Democrats replied:
.G.nilemch. do your worst. We intend IL
know whether Wall street legislates for the ma
ion Or Congress" After another nights scs-
lion, ii became = law SO far as the House and
Senate were concerned. There happened to he
in Washington at that time two Presidents.
One, whose star was Just disappearing. and The
other. whose star Was just in the asc sndant.
After we hsd refused to be dictated to, the or-
ponents OF the bill applied to the Presidents.
We adjourned late at night, and, re-conve ming
at 10 o'clock the next morning, We found q lit
tie gentleman standing III the aisle
with = package under his arm marked
executive communication" and it was the
Presidents veto Of the Funding bill. In 1877
Wien the laboring men fonnd the wolf al the
door, and found the wages we're not suili lent
to clothc the members Of their families. Tia,
struck for higher wages. Then the CRY WI /
through the land, labor is endangeli inc captai.
and the President ordered the troops to res,o.d
TO orders Of the Governors Of the states. and
public sentiment said II Was right to malnt..n
order and protect property, and 20 Il was. Now
the question u reversed: Capital IS s.rkrs
against labor. Did the President reluke the
capitalists for unsettling values? No: II,
hauled down the flag and rebuked Congress for
passing . law in the interest OF the people II,
m kes difference who strikes in this country
whether il is the lahoring men or the ctpit.i-
lists. Now m to tie new President. 1
saw him inaugurated. | sat within twenl,
feet of Linn. Saw linn place his hand on the
Evangels. heard Chief Justice Waite ad,nl.l,
lister the oath to him. He nodded assent. ard
l saw him kiss the book and step forth III ia.
p es.nce OF 10000 people to deliver his inaug-
ural. Now you had Z right to expect acmc
comfort from Mr. Garfield. He had inst csn
elected by the popular will. He was being in
augurated in splendor. A banking institution
had recently sought to dictate to Congress what
it should do, and you had the right to eApec,
the President would rsbnke them for their In
science. But the ex-P President hauled down the
flag. and tho new President raised the white
flag, for in his inaugural he said the public del [
must be refunded without interfering with the
circulation Of the hanks. You must not tos, b
the sacred crocodile.
The Bankers' Convention. at Saratoga. said
that there were grave doubts ~ to the con-
stitutional power Of Congress to issue Legal
tender paper money In times Of peace" Mr..
Garfield says. in his inaugural address :
There are grave doubts. their CIR
a. \ -
features. but on their prompt convertibility
into COIN"
The Law makes and unmakes Presidents in
this country. The law made Mr.. Gar eli presi-
dent. Nr. Garfield says creenbacks are not
money. Brave comrades, they told You it was
money, and they denounced your humblesp aLer
- demagogue because he wished to place YOU
on an equal footing with the bondholder
But" says Mr.. Garfield, .they Are no;
it: "These notes shall b lawful money. .
But says Mr.. Garfield. they are no,
money" "But, Mr.. Garfield" SAYS the Law.
II made Won President. say they shall be
lawful money" Hero il conflict between the
President and the Law, and We will see who is
ON top Ct the end Of the struggle. At the very
threshold OF his administration he assaults the
greenback without giving you notice in his
campaign. There WAS nothing in tho Republi-
can platform about It.
There are Eve Rings who reign in this coun-
try. They get u the gateway OF commerce and:
take tell upon every bushel OF wheat and pound
q freight that pass through tho way. These
Kings are the hanks, the railroads, the Alaska
Fur Co., the Standard Oil monopoly and Tcle-
graph monopoly. They swim in the CONNER.
cial deep and threaten to eink the ship OF state.
What did Mr.. Garfield say about the control OF
these monopolies2 That question il vital TO ev-
cry household in al the land aud eyery poor
iaboring man. What did he say? He was al al
lent ~ the grave. And why For the simple
reason that James A. Garfield was made
President by the money power. He could
not have been elected without them. Nc
President can nse above the men
Who make him President Andrew
johnson tried it.; Rutherford B. Hayes
tried il, and they both went down. He is pow
erless to II sist tine influence OF Wall street. He
is powerless and silent. He offers no issue with
them. but lie rcbukcs tho people, and rebukes
tneir legis A.uie because they dared to violate
the Wishes and Lehests of this banking monopoly.
Ny friends, you say, ~ agree with you that all
| these things are wrong, and these banks should
&c abolished, but cannot trust the National
| party. What are you in favor OFF, want IA
tell YOU we are in favor OF trinity in finance,
consisting Of gold, silver AID paper. But We
| want the Gov. rnment to issue gold. silver and