The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1881-08-18

that gave value 10 their paper, a. they said. re-
deem II In coin. While thus refusing and re-
pndiatng their most solemn promise. and
while their old fraudulent. deceptive, living sys.
tenn Of "specte payments lay dead Mt their
feet, they eanic forward to pirate about money
system. Shame on them.
Huch were the men who raised the unholy OPP
position to tho legal tenders. Aud there were
men IN Congress then, ~ now, more concerned
about banks than their country. These fellows
urged TINT the notes should not be legal ten
der. Who opposed the legal tenticrs2
BANKERS.
Men who chnmpioned specie payment A
money ssstem rotten M perdition, false ae
hadcs aud fuller Of the robbery of labor than
the grave is the dead. Bankers then as now
shaped sl tho financial legislation.
3. What WAS aAid2 Henator Wilson, After
ward Vice President, said:
"AsA practical question, II II a contest be-
tween brokers and jobbers and money changers
on one side aud the people Of the United States
| on the other. venture TO express the opinion
| that ninety-nine Of every hundred OF the loval
people Of the United States are for this legal
tender clause"
It can be truly said that only tho Money
class opposed the legai-tendcr clause. Shella-
barger, Of Ohio denounced tue money fnongcrs
| In unlneAsured terms
THE lawful tender Is necessary, that they
may retain III ir true value as Won pass then,
to your noble soldiery III the field, and to al
classes Of tho people not engaged. M the most
p'fslstent outside opposition to this bill is, in
| .ndeavoring to destroy the value of them, 80
that out Of the lood Of tlielr sinking country
they may BIO enabled to coin the gains of their
infamvs
Judge Bingham said. mot to make them
legal tender y 70 lay the people at the feet and
mercy oi the bankers and brokers.
ThAddens Stevens. the grand old commoners
| said. "Whhont the legal clause the notes
could not be kept At par bankers would dc
preciate thcm." He further said: ~ believe
that no at Of this Government was ever hailed
| with n much delight throughout the whole
length and brcA III Of the Union. by every
class OF people, without any exception, AZ the
bill which We passed Feb. 8, 1864, and sent 10
the Senate. Congratulations from merchants,
traders, manufacturers, ME, hanics and labor.
efs pour IN upon liz from I'll quarters. The
Boards Of Trade from Boston, NV York, Phil
adelphtA, Cincinnati, Louisville. st. Louis, Chi
cago and Milwaukee approved its provisions
and urged its passage ~ It was. II il true
there WAS . doleful sound came up from the
cavorns Of tho bullion brokers aud from the
saloons Of the associated banks"
This much Tor the fight OF the banks against
the lcgal-tcnder clause. They were defeated
and fell hack to their next position.
1. Who demanded the two exceptions
the interest on the public debt and duties on
imports should be paid in coin? The bankers
Thcse were most unrightcons because they
were CLAWS legislation, revolt ny to honesty.
The gfandest Z fort and the grandest word.
he ever uttered were wrung from him in regard
| to these two exceptions. He said:
1t now creates money, and by it's terms de-
clAres u deprecated currency. II makes two
classce Of moncv-one for the bankers and
brokers and another for the people. It dlscrim
mates between the rights OF differ mt classes 81
creditors, allowing the rich capitalist to demand
gold and compelling the ordinary lender oil
money on lndiv dual security to receive note.
which the Government had purposely discred.
tied"
The bankers and their advocates IN the House
and out OF II did make this develish demand
the author OF the bill knew all about it, and
aflirms in fearful language:
Yen, we had TO yield We did not yield TIL
We found the bankers had TO be grained or til,
country lest"
ThAddeus Stevens, after looking at the mon.
strous legislation, broke out in the sorrow Of
| his heart. "Whcn 4 few years hence, the
people shall have been brought 70 bankruptcy,
shall have the satisfaction OF knowing that |
did Ill could to prevent il"
Here IL demand made by the money power,
made by the just-hatched serpent OF the syndi-
cats, that, II not complied with. the country
shall b. lost. II was the selfish threat or the
money classes to stab to death the republic,
unless the money system they dictated should
be adopted.