The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1881-07-21
Oar One Hundred Thousand Bond.
holders.

UuNuhuldcr3 In tho UNllcu States
that ought TO open tho eyes Of our
people.
During tho last election one Of the
charges brought against tho 0reon-
buck. Labor party was thcir wishing
to do away With bonds. It sought to
take the bread out VI tho mouths Of
Thousands Of widows aud orphans
who depended upon tho interest on
tho bonds Tor their support. Tho
eloquent defender Of tho widow and
tho orphan would then 60 on to
dwell upon tho wickcdncss OF at-
tempting to destroy System that
did 20 much good.
Thls was tho fancy picture Of tho
bond system as drawn by SnyLorK
aud hia agents. How docs It COM
pare with factsp
Mr., Porter anawcrs that question
asked by a reporter II he considered
the debt VI tho Cnitcd States a pop.
0lar loan. He rerlicss--
$50 tar ns this Investigation shows
must say do not. In my opinion
the debt l. oscMed Lu less than 100.
900 persons: oecr tkrty.tiee per
cent Is Aeia tp banks aud other cor.
ssorutio.ss. cna l: is probable that
l.suo l.erSeaS a,ra Deer SsIo,0oO. 600
~ tie registered hoa,iS. This aggrc.
gatc Is held IN amounts exceeding
SSO,0OO. On inquiry into tho mum.
bcr or holders who own bonds In
amounts lcss than S5oa. We find tina,
probably 9e.sQ0 persons own in the
aggregate not moro than 81 600, 900.
an amount for every $1,000 persons
scAicA aggregates uHe~Ssctsth NJ TIA,
svpssAets q be held ta a single bond
holder. VANDERBILT"
Thcse figures eigoc;ually dcmolish
tho plea that the hard money organs
have been making In favor Of the
bonds.
The tact u the matter Il that VIC
have established rlatocracy con-
sisting Of 4 hundred thousand per.
cons, to whom Labor annually pays
under the form ot interest a tribute
otSl00. 00O. 900, The issue tho Green.
back party has been trying 10 bring
before the country Is, whether or not
Il Il right that this tribute should
cease.
Mr.. Porter tells Us that OF the
$Sla.so0, 900 coupon bonds oatstand.
ing last August, probably the coa-
pons Of SlOl.O00. 900. were returned
Ter payment 10 the S0b.Trcasury In
New York. and trcafs of the lead.
ing tsnAiag ysrMs nrssentee. no, less
than tArceyoartss a. ;acm. Th,
manner In which the registered
bonds are distributed also shows
how little truth there Is In the or.
pAAn and widow theory. Tho Now
England States own ahou, eleven
per cent u them, the Southern
States . tritlc over two per cent, tbs
Western States nearly eight md /
half por cent, whilst the Middle
States where the money power Is th,
strongest. own forty three per cen,
TAc banks, the assurance coMpan
ies and other corporations or.
about tAis;s ,Jice oad one. fo,sr.h pc,
cent.
In these figures We have present
cd 10 Us the manner In which Label
Ia robbed. that Shylock may hav,
his pound If flcsh. The South anl
the West which produce the great.
or part Of the raw material tina,
forms the basis on which rests til,
nations wealth. though owning hu,
ten and a half per cent of the bonds
contribute greater share G
tho taxes out Of which III,
interest on the bonds are paid
than tho New ENGLAND and M:dd!.
States which hold fifty Tour per cen
of the entire amount Of bends.
But the geographical distribution
OF the burden that ShyloelS lays up.
on the country docs not give as tn
adequate conception Of the nature o,
the iniussie. that Is done Labor Is
the whole bond system. Oh I'll.
Middle States New York holds ID.
larger part Of tho bonds credited I,
tia. part q the country, and VIZ
have seen that in New York tn,
bonds are in tie nai,ds o. i few ,acn
The S~,se l. truce Now England, %
sssa' - rsae s!&@9r In sntg