The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1881-04-07
AnEafcAN DAHxgAs' ASSOCIATION, NEW YoKx,(
Ian. Is. 16BO. (

DEAR siR. A few days since we forwarded TO
you headings for petitions, which We hoped
you would attach TO sheets Of foolscap, and OBJ
tain thereto the signatures OF all the business
men possible In your vicinity. We have now
the pleasure to inclose . few extra headings for
slich names. We would also suggest that you
will much advance the objects which this asso-
citation, In common with yourself, have In view
II you will call meeting of oil the bank officers
In your city or nciYhbOrho0d to take proper
action, and 70 direct public opinion In regard
20 ths important evils which aTise y; from the op
upon the banking business.
II .MHl otl1 III pvI!nboi so6uSVo eV3 m 1901
~ % ~ ssoi1uoO III uo!1SIs!Ssl mons sinoss
~ loAsapto lilA Oo11ituuloO sA!1nosxH eVL
you will writc 10 your SouAtOrs and Representa-
lives letters Urging the repeal of bank taxation
and will send s,ich letters to tliis Office tho Ex-
eentive Committed will present them IN your
name with the petitions, and on behalf Of this
association, whom the PROPER time shall arrive.
We would also suggest that you write and for
wnrd directly to your Senators aud Representa-
uves private lotters on tho subject Snch lot
ters will bc much moro effective, and they arc
therefore, more desirable. They will provoke
any general convention OF bankers at Washing
ton OF elsewhere. Hence no such convention
In deemed polite or advisable now, aud proba-
bly, no call will be lssued tor one by this asso-
citation. Very respectfully,
Your obedicnt servant,
JAMES BUELL.. Secretary.
This circular was undoubtedly sent to
every national bank in the nation, aud
without doubt thousands Of private let,
ters from the bank officers Of the conn.
try simultaneously poured in upon the
Senators and Representatives. What
Representative could stand such bonn
baryling2
After tho passage Of the Refnnding
bill hy the House how readily con-
sp.racy could have been formed to con-
tract the currency and threaten disas-
trous panic, and at the samc time have
the conspirators 90 "scattered all over
the country" a to conceal the appear.
ancc Of collusion. Then after the bill
went to the President, and even before,
how easy to issue nh order from Wall
street headquarters to every bank
in the nation TO unite aud for
war directly to the President pri-
vate letters, urging the interpo sition
Of his provocative ~ the only means Of
saving the country from the impending
disaster which the action Of few banks
had hastily lHrcipitate,l. They first
conspircd to drive the business Of the
country to the verge Of disastrous
panic. Then the entire 1000 banks
consrired 10 impress upon the Execu.
tivcs mind that his veto alone coul,l
save the country from the ruin they had
plotted.
The President yielded to the pressure,
for, says the Times:
.Had the bill become law, the mis-
chief resulting would probably have
been beyond the reach of any remedies
that the Treasury Department could
have applied"
All Of which, in the language Of the
Tribune, can only have the effect oi
educating the public mind MS to the ex.
pe,liency and necessity Of disarminp
md nhnliShing SD dangerous q pOMer,