The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1881-07-21

ought to pay. some attention to It," I
turned to see Mr.. Weaver's FACET Is
always pleasant, as you will see when he
comes before you. But there was such
contrast between Mr.. Weaver's face and
the Speaker's-smiles playing oil over the
one, the other gentleman biting his lips
I'm order that the House may see it, I
want the clerk to hold it up" continued
Mr.. Weaver; and it was held up, amid q
roar Of laughter that went over that rev.
erend body. The cartoon represented Mr..
Weaver, holding his resolutions under
his arm, with donkey's head, ears rs
long as that indicating with his hands,,
and an immense mouth, braying at the
Speaker, the latter with his back turned.
Laughter Mr.. Garfield rose. He
thought there was chance to get the
start Of Mr.. Weaver, which no Republic
can had been able to do before. Mr..
Weaver foored twenty Of them in one
day, to my knowledge. Mr.. Garfield
asked, twill the gentleman from Iowa
please tell ms which is tho donkey?"
"Myself, sir, Of course" replied Mr..
Weaver, and everybody laughed. 'sBut
let the gentleman from Ohio remember
that the beast saw the flaming sword be-
fore his rider" Mr.. Garfield was
squelched, and he never attacked Mr..
Conger, "why don't you get after Mr..
Weaver; why do You let him alone r.
"Why, to tell the TRUTH" said Mr.. Con-
ger, s'he has studied this financial ques-
ton so thoroughly, that debates with him
don't look well on paper, and we have
stopped it." The question Of privilege
was simply that the speaker had been
misrepresented in the cartoon. He had
not turned his back on Mr.. Weaver, but
simply refused to see him-that was
all. The next Monday he got his resolu-
tions before the House, and Mr.. Garfield
made speech. The first resolution was
about like this: "Res0iUcd, That all cur
rency, whether metallic or paper, should
be issued by the government, its volume
controlled by the government, and not
by the banking institutions" Coming TO
that resolution, Mr.. Garfield said 'sThat
resolution is proposition Of centraliza-
ton and Cmsarism, such as never was
charged against the Republican party
before the war, or since. Il would make
the government absolute dictator Of the
finances and business affairs of the coun.
try" Then he turned TO the Democratic
side Of the House and appealed to them
to come with the Republicans to the res.
cue Of the country from such disaster, az
centralizing such . power in the govern.
ment. Now, Mr.. Garfield stated the
truth when he said that If the govern
ment should issue the currency, and con
tator Of the financial and business affairs
Of the country. Do you take in thu
meaning? That power which issues thu
currency, and controls its volume, con
trolls the price Of every days labor, o
, every acre of land, Of every bushel o
wheat, every steer, every hog, everything
, Il is maxim that the volume Of curren
, cy controls prices. Imitation Of the cur
, rency initiates prices. Contraction Of thu
currency contracts prices; and Mr.. Gar
, field stated the truth when he said that i
the government should issue the curren
[ cy, and control its volume, it would b
absolute dictator OF the financial an,
j business affairs Of the countrywide Versl
il the banking associations have tina
, power, they are the absolute Dictator
, Of the financial and business affairs Q
! the country. What is the difference be
tween Mr.. Garfield and us On that issu
) we agree, that whatever power issues th
, currency, that power becomes absolut
1 dictator. The issue is, Shall the peopl
dictate their own financial and bushes
4 affairs through their government, or shal
J the banking oligarchy be enthroned ovt
I them, absolute dictator Of their finances
4 and business affairs? There is the issue
= and that this banking association shal
4 dictate our affairs, is Republicanisr
: sugared of. That is the whole Of il
: That is its substance. They have ha
} that power almost entirely.
z I want to show you for moment wha
Q issuing the currency has cost us. Til
!. national banks issued $50 millions til
9 government issued about the sam
9 amount in greenbacks. I have CAREFUL
! reckoned the figures. / have taken th
7 amount Of bonds sold each year. / hay
reckoned up the interest paid ON th
!. bonds, averaging It at six per cent
. ought to have been averaged higher, K
9 the interest was paid in specie, and on
J. dollar was worth some Of the time two
4 paper, and ut one time worth $2.85, an
! that, after the close of the war. Con
8 pound the interest on the bonds whiC
9 we have paid then compound the int
: est on the $50 millions currency res
:, ing on those bonds, at per cent and yo
! have the enormous sum Of g, 323, OO0
u 600 paid out Of your toll into the hans
u Of the bankers for this $50 millions
currency, while at the same time Il
+ government has furnished better Gu
y rency, costing the whole people abs
; lutely nothing but the expense Of prin
y ing. Now, which do you like hes,
There is fact as plain as the nose npt
q my face, and I guess You can see tina
If Some one may say the bankers may ju
It rs well have these bonds as anybody els
It So We need not reckon that interes
[. There was no need for them to ha,
e them at all. We might have p
a the 49, millions Of bonds into greenbacl
3 taking the place OF the national ban
B. currency. Then we would not have
J. currency inflated beyond what We ougl
70 to have 30 that billion hundred M
Z hon il absolutely given away TO enrit