The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1881-11-24
The Annual Exposure.

We publish in another column the
annual report OF the United States Treas
nrer, and, for the convenience Of our
readers, will group few of its most i'm
portant points, and show their connec-
ton with certain assertions of the Re.
publican organs and leaders.
1t will be remembered that the Re.
pnblicans asserted in their last national
| platform that by refunling they had
/ reduced the annual interest charge from
Sl5l, 100000 to less than $50, 600, 900.
We have before taken occasion to show
that the annual interest charge never
amounted to the first sum named.
We did not believe the second part of
the statement, when it was made, and
| within short time after the adjourn
me,it OF the convention it was announced
| officially that the interest charge
| for the year then just closed was
| SOS, co., S95. Sd. Since the late campaign
| opened, the Republican organs have
| claimed n still further reduction OF the
interest charge. Ii the claim made by
the Chicago Convention had been true,
then, taking the figures Of the reduction
| of the debt, and Of the rate OF interest
upon nearly one-halt of it, the interest
charge of this year just closing should
have been but little over SO, OOO, 900.
But the Treasurer says he has paid $685..
569, 9s9. 96. It follows, then, either that
the Republican authors Of that statement
in the Republican platform falsitiedeasily
ascertaineG facts, or else that the Repub.
llcan treasury officials have helped the
party-a IL Brady, Dorsey, etc, by
"expediting" over Sl3. 1000, 900 out 81
the treasury. Candid Republicans may
dislike to accept either alternative.
There is no other.
LII speaking Of the circulation OF Unit.
cd States notes, the Treasurer calls at
tcntion to the fact that the Government
has on hand larger supply Of green.
backs than a year ago, aud that this re-
suit has been secured by forcing certain
Government creditors to take their pay,
10 per cent. in silver dollars or certiti.
Gates, 40 per cent. in gold coin and SO
per cent. in greenbacks. But he adds
| the following very remarkable statement:
"To this rule there is one important
exception. Under the arrangement be.
tween the treasury aud The New York
Clearing House, all of the payments by
| the treasury to this institution, aggre-
eating s275,0o0,G00 a year, must be
made in gold coin, or United States
notes standard silver dollars are not
receivable under its rules.
In other words, the Government de-
clares its silver dollars legal tender fol
oil debts, aud the banks, deriving THEN
power from outrageous class legislation,
nullify the act of Congress and force
the Government to treat with them on
their own terms. 1t is probable that sc
long as the Republican party hold their
present control Of the Government We
shall witness tho humiliating spectacle
Of Government officials aiding the banks
in an attempt to nullify an act Of Con.
gress. AS it stands today, the silver
dollars are good enough TO pass through
the Pension Office into the hands Of sol.
diers' orphans, but they must not be
rendered to the national banks rs inter.
est upon their bonds. Verify, q certain
kind Of patriotism is well rewarded by 9
Republican administration. american
| N,,ufrH