The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1881-02-17
The FUTURE Is ours.

SAAssAA
openly oppose this currency, and yet
the Republicans, who are allied TO M
tional banks, and the Bourbon Demo
Gratis, who are allied to Belmont and the
Red Shield Jcws, are it's activs and its
ceaseless enemies.
II is well that the people should fully
comprehend the reasons and understand
the men who are leagued in politi-
cal conspiracy against the only incom-
parably good and absolutely safe cur
rency ever issued in their interests and
for their benefit.
/ have too often shown the transcend
ent superiority Of the national green
back as full legal-tender currency to
render recital Of its distinctive features
or an enumeration Of the manifold forces
which make up its superiority either
profitable or necessary. That it has the
whole taxing power Of the Government
to secure the redemption Of every dollar
issued, which is = supreme power over
$4,000, 900 Of people and moro than
$50, 600, ,OOO. 900 Of property, is enough to
demonstrate the solidity OF its safety be-
yond the cavil Of oil the Shylocks who
make up the money tyrants Of the world.
That the greenback passes from st.
Petersburg to Pekin, from Jerusalem to
Lahore, from Constantinople to Rome.
from London, Paris, Vienna, and Madrid
to New York as equivalent to gold, sill
yer and diamonds at their commercial
value, is admitted. More, that the
greenback is preferred to gold in every
part Of the globe preferred because It is
more convenient to count, handle, trans
port, and keep, and because it is recog-
nized as an unequivocal and positive rep
resentative Of value, 80 shielded by
national wealth, 90 supported by nation
al power, and SO identified with the
honor Of tho grandest government Of the
ages, that mankind adopt It - the safest
emblem Of value.
Why, then, is the greenback opposed?
To answer this question is to solve the
mystery Of all monetary power.
It is because it stands in the way Of
national-bank supremacy.
It is because it says to the gold mo-
nopolists, You are not supreme.
It is because its power Of expansion
gan be made equal to every necessity,
Ind available for every crisis, SO as to
prevent the contracting Emergencies Of
the specie kings from making money
famines feast for usurers, while labor
and all its creations are shriveled into
despair by the gripping heartlessness Of
the miserly knayes that rule the money
market.
So long as the Government can create
its own money, regulate its value, make
it legal tender, and fill the world with
absolute confidence in its absolute
value, there can be no necessity for
scarcity.
Let US see what use the money men Of
the United States and Of Europe made
Of the scarcity Of gold and silver from
1861 to 1867, and in the facts read q
lesson no sophistry can evade, and no
financial decency can excuse.
We were out Of money we were in
war. Our necessities demanded from
two to three millions daily. Without
money our liberties, our country even
was ia danger. The capitalists saw their
opportunity aud their power. How they
ayailed themselves Of the scarcity. and
how they magnified their power, is
shown in the history of plumbers which
has accumulated into the history Of our
national debt and funding.
They refused all aid. Let the Gov
ernment slide, said the bankers, when
Secretary Chase declined to receive as
money the State bank currency, with no
basis but individual responsibility, and
no strength but individual weakness.
They desired him to get on his knees to
them and supplicate them to make their
credit the money Of the Government
With heroic manliness he said, No, ii
the Government is to make money out
of credit it will take the aggregate
credit Of the aggregate property
and power Of the nation, and not
the subordinate credit Of subordinate
individuals. who make bnt an intinifnsi-
NAL part Of the whole. Il was then that
he advised, and Congress ordered, the
issue 81 the only real full legal-tender
Rreenback ever issued by the Govern
ment. Now mark their history. They
went into circulation, were counted the
same - gold, maintained the same value
6 gold. 20 that when gold was forced
up to 2S5 the full leeal-tender greenback
vas worth 2S5. They never deprecated,
never varied, but stood rs the full faith
and full embodied credit Of the Govern.
ment.
Tho financial lords recognized the fact
that they must cripple the greenback o.
the greenback would cripple them. They
could not reach the $50. .OOO, 900 bearing
the broad seal Of national sOvercignt,
and Of national credit, but they could
manipulate legislation, they could cl>
the stigma Of reputation on the green
backs thereafter to be authorized, by
making Congress cut the throat OF 1T
own national credit, by refusing to re
ceive its own money for its own dues
| and by refusing to consider It gooe
enough to pay the interest of its owl
debt. Capital advised. and Congress
ordered, that the greenbacks to be is
sued to maintain the war should kay'
two limitations
l. They should be repudiated as no
good enough to pay duties or interest.
2. They should be limited as money T
$4OO, ,0OO, 600.
Now, what was the effect Of these tw'
limitations?
The first annihilated their characte
rs money; made them the scof and scor
Of the money kings, rs repndiatsd rags
the rug baby Of humiliated necessity
It made gold King.
The second, the limitation. made til
Government a beggar for credit. for tll
whole sum was exhausted before the
could be printed, numbered and issnc.
Poor, miserable and discrcditel rs til
rag baby in it's repuliating dress wa
capital had been shreWd enough to max
their gold value in the markets Of Sh'
lock the standard Of the value Of Il
credit Of the Government, even whi
that credit in the full integrity Of i
legal-tender sovereignty, was equivalel
to gold. BY this infamous fraud Il
$40O. 900, 900, wearing reputation {
their backs, were run down To 38 cen
ON the dollar. and were made the stan,
ard Of the value Of the United Stat
bonds.
Capital in Europe was contented, b
capital in the United States demandt
more, it demanded the exclusive rig
\ \ Il