The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1881-03-03

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Attempted Execution Of 4 Threat.
It will be remembered that the Ma
tional Banks some six years ago, de-
clared their ability, on 4 very short
notice, through the Bank Associa-
tion to nulify, any Legislation Of con.
gress. Tho Legislation touching the
rcfunding bill has prompted tho
Banks to attempt to control the law,
or failing IN that, to defeat its exccu-
tion.
Tho associated press dispatches
from New York. Boston, Philadel-
phia and other recognised CONNER
cial ccntcrs, and the comments OF
the Western press, on Saturday
last, all went to show that the nation.
q banks came near precipitating
upon the country financial panic,
which 1t one time threatened to fan
business circles 40 the Simeon does
the desert. The banks were retiring
their circulation (which they may do
at any time In 90 days. demanding
the surrender OF their bonds md
dcpositing funds Tor the redemption
Of their circulation not surrendered.
The wants and necessities OF busi-
ness which had confldcd Its interests
20 their tender mercies, were entire
y ignored In the mad attempt OF the
banks to control legislation In their
own Interests, or failing In that to
ruin the patrons whose welfare de-
pended upos tho stability and uni
form quansily ofcurrency provided
hy them. A President Of the metal
Of Andrew Jackson with q Secretary
Of the Treasury as incompatible as
Roger ,. fancy, instead Of covering
before the frown Of these giant cor
poruts robbers Of the people. would
have accepted the surrender OF their
notes. but instead OF delivering them
up their bonds would have Cancelled
them By payment from the boards Of
cotn 10 tho Treasury. (We are aware
that our republican friends have
made such progress In financial
science az to- call payment Of a debt
repndiationA But Notwithstanding
this the duty OF John Sherman Is to
have the banks back ur their drays
to the treasury and take away the
silrer coin In which their bonds arc
payable At Inception Oft g0ucrn-
M,ent. Then add u clause to the rc-
funding till making it compulsory
upon the Secretary OF the Treasury
to issue United States notes, full le.
gal tender, to take the place OF the
notes OF any national bank that may
retire its circulation.Let these corpor-
atoms know that the people arc in
earnest fighting the business of swap
ping dollars, and that the grcenbacks
which their notes arc rcdcemublo III
arc the better money.
The entire national bank circula-
ton Is 1897 .OoO.OOO or whereabouts
the idle coin and bullion In the
Treasury, aud sub. treasures, Ii
nearly adequate to payment. The
ofEsr Of payment IN sGcA coin as the
bonds call for, would Immediately
PROSTATE these refractory bankers
upon thoir marrow bones pleading
with the government for greenbacks
instead OF coin.
There 10 no mistaking the issue
Either the Bark Association must
surrender It's sovereignty Of money
and yield to the sovereignty Of the
money Of the people, or else the gov.
ernment must yield its sovereignty
OF money and become tho slave oi
the Bank Association. There Is nc
room for equiyocation-no hope for
rcconciliation-that does not Involve
the surrender Of the government to
the dictation Of the banking nssocia.
ton, or the humiliation OF the Ma
tional Banking system. Which
shall It be? Slavery TO the corpora.
tons or freedom. liberty. law and
prosperity to the people under, and
with the government. National
Banks mean monopoly. privilege
aristocracy and escape from just tar
bnrdens. They moan low wagc.
which Is subjugation and panperism
to the laborcrs. Thcy mean class
legislation for tho rich ut tho expense
Of the poor. They mean : chartered
right for rich men to rob the people
aud 70 steal from tho nation It's ex-
elusive privilege under the consti;u-
ton. Tho Bank Association is the
Bastilc IN which the hopes OF labor
are to be imprisoned without hope
or promise of release. There is but
ono remedy; Kill il. rote nont OF err
iatsstce, pay or the bonds achich feed
- Uordci0us appetite. This done,
railroad and standard oil monopo-
lies must next yield to government
control.
The American Sentry.
4 lending National paper publish.
ed in New York city publishes list
OF the papers OF that party In the
United States SD fur rs 1t had OBJ
tanned them. The list comnrisrs n