The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1881-12-29

which have the honor to represent
Is opposed to taking away from the
government the option OF paying the
only bonds TO which that option ap-
plics. We urc opposed to
rcfunding because tho government
has the right and the power to pay,
and I greatly mistake the tone OF
public opinion II the people are not
with u.s."
For these arguments the truth OF
which the Tribune admits In its cd
itorial Of September, Gen. Weaver
was denounced by the Tribune aud
by hard money congressman rs m
obstructionist and repudiator. In
its September editorial It described
the advantage Of n bond payable at
option Of the government rs follows:
This option ~ to payment il worth
many millions to tho United States.
1t should not be lightly relinqnished
because some temporary expense is
necessary in order to retain 1t. The
possible sacrifice by the purchase OF
fixed date bonds Is small and meas
uralle, but the losses that may be
incurred by different course are
beyond calculation.
No demonstration can be made
clearer than that In 1850 the Tribune
advocated measure that 1t subsc-
qucntly demonstrated was dctrimcn-
tal to the public interests and that
It now ngain supports these repre-.
hensible measures with Mr.. Sher-
man.
Hon. e. Il. Gillette, another M
tional in congress from Iowa In u
closing portion Of an effective speech
against the rcfunding scheme said:
] oppose it because I believe it to
be the policy and purpose Of the
bank party to fund these bonds out
Of our reach. and then insist upon
using our surplus revenue to taxi up
and destroy the grecnbnck. as urged
by the President In his message.
From the 1ribune's editorial be-
fore alluded to we desire to call tho
readers attention to one more ex-
tract which after describing the con-
dition Of the country II all the bonds
were so funded rs not to be payable
1T the option Of the government it
says:
But then these bonds would com.
mand a fabulous price. : - The
government could not buy without
great sacrifice. It could no. hoard
its surplus revenue for ten years
much less for thirty-Ed.l, without
causing tremendous financial disas-
ter. In short, the debt
would be in the worst possible shape
for the OBSERVATION-DISCLOSURES
for ten years, irreduciblc during that
time without great loss, and ahso-
lutcly due in 1907, with no possibil-
ity OF accommodating III adequate sum
to meet it.
And now the Tribune, John Sher.
man and the hard-moncy wings Of
both the old parties have put their
heads together, lined drives" to put
the entire bonded debt Of the coun.
try in the wort possible shape fol
the government for the ensuing sis
years. considering that better for the
bondholder than to be deprived ol
all opportunity to rob the people
and their government. The surplus
revenues OF the government appli'
cable to payment Of the bonds |:
500. OO0, 900 q year, which with tn,
eo5O, 0OO, 900 in the treasury In the 81,
years this bill proposes none OF thu
debt shall be paid would extinguisl
that portion Of it payable ut the OPP
ton OF the government at least.
The plain and unmistakab!e dut!
Of every National in congress and 0
every democrat who has drop o.
democratic blood In his veins Is t,
leave no means untried to dcfea
this scheme Of robbery and plundc
in the interest Of monopolics and a
the sacrifice Of the public interests