The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1882-01-05
the NATIONS FINANCES,
scmnt~r Voorhees, Oas the riscNl Policy
~ slAc NOscrsss M~Ms Tho a.rscsAnn,lA
nDe6cMdcA mud the National HANKS
nee0Ok cd.

~ Tine esOserM aM~Me Tho a.recslhutl l.
Defended nMd the National lsnMks
aecbAkesl.
tilon. y. ". veefhecs, In tho y. 4 eena,ol
/ confess that | nm amazed Ut Tho
recommendations u tho Secretary Of TIL,
Treasury, IN which no is joined by til,
President, on the subject Of our silver
currency. Under tho net of Feb. -,
1879, At the rate u ~, 0o0. 900 pr month,
there have been coinei about co., TOT, oot
of full legnl.ten,ler silver money. Il,
virtue Ut tho samc net there havc been
issued silver certificates 10 tho amour,
of 500. d65, $40, based dollar for dollar on
that amount Of coin now ii tho treasury
and pledged for their redemption.
These silver certificates, 70 the amount
mentioned, are now in the pockets al
the people, performing all tho ofices
OF money IN tho daily transactions OF
business, md their redemption is bot.
ter secured by specie than any other
paper money in tho world. The pledge
Of gold for the redemption of y paper
circulation based upon il il usually
at the rate Of 81 ia. gold H. s,
in paper, and generally Vt \ much
greater dispruportion. On tho othcr
hand, every dollar Of silver. q ,rt.ica,c
circulation has silver dollar beh,nl il,
and il made receivable "for customs,
taxes and NIL public dues" II is not
necessary to aid that such money Is III
par with gold, and staais OH nh equality
with the best currency in existence. |,
isAs eagerly sought IN exchange for labor,
and all the productions Of labor, rs an,
Of the other different kinds ot monss. [,
has the great merit, also. like the green.
hack, Of being cheap MONEY it costs III,
people no interest, and comparatively
nothing at nil for its circulation. Silver
came from the mines Il rough prisats
enterprise, paid the Hov rnment for II.
own coinage. md SOC, o. ZOO II It mr.
now in the vaults VI the treasury, really
ut any moment To respond 10 every dol.
lar ii its paper rcprcsc: tatlv,s, II T..
farmer, the trader or Tie merchant, n,
he reads these remarks u mine, will ope,l
his pocket. book. he wi mrst likely lind
ono or moro handsome looking notes
based upon the silver coin III the tres
ury. aud taken by INN rs readily ~ h>
would have taken gold.
While crossing tho mountains fea
weeks ago TN my Way west III company
with = very distinguished citizen a III.
own State. the conversation turnc,luptal
the question Of silver currency, whvthes
il had assisted ID revive business srpn,
depression aud bankruptcy. Or MLc,,p,
silver money had, in fact, remained ii
the treasury \ useless, idle and imlot,a,
s,nsgafl. To my friends surprise, per,
@hars. asked lin how much moaes he
hat in his pocket. AMI requested HIM I,
produce il. lie responded 10y exhibiting ),
S50 IN Sla Ibis, .oat ont OF the tive h.ll,
proving, On examination, to DO silver
certificates. guaranteed by silver coia,
As this gentleman replaced his none,
in his pocket, he thoaghtlu,ly remarked
that tho argument Was 1t nh end. Aud
yet II u concerning tins sale, shoag,
convenient cheap, specic-Haaranseel,
pNrcircnlatins money that the Sacre.
tAry Vi the Treasury writes the follow,
ing sentence IN his annual rci,oii non
Ieforc me
Il i rs,eaam,adcl. thcrefS., that measa.s.
b. taken tor the fcpcal u thc &C, rgas,ls. Ii,
Issue III such { r,iaeA,,s. aud IA, Sa,,A nj .
nisas ri then from circulation.
II is difficult. in Moderate terms, /,
chaacteflse such Recommendation. Ii
Is Mantan an |. To my M,nl, a criminal
assault upon the fs.ancial STABILITY aid
the business prosperity ot the Whole
country. II is here deliberately pro
posed to retire fram circulation M II
than sixty~saA millions Of money, and i,
destiny H. Is il possible for any ono /,
TAN % taresee the Consequences Vi kacl
measure |; aieptssis Even tic h..r.
proposition 10 contract the currency an,
IN disturb its healthy condition 1t tns,
time would create disorder and pam,
but Tor tue fslth IT the cauntry tia, ton
gress ID wiser than tho Es,cu,iv, DE
partmea,. and vii. Fay no heel 10 Il,
Recommendation On th.s subject. \,
greater calamity can hSfall . poop,
tiaAn the destruction vi money IN thu,
hands. GA former occasion GA TIL,
teee | used the following language
and It u Is appropriate Low ~ IL w
then.
Ssy, n thu eGtirc catalogue Of csssses sgS.as
AuMaa sSs@sty hot asav eaa b. soaaa ~ avn
~ ~ IT. eenssq sesscs~, ta,h .sats tiia;- AMI ~
aese, ~ = government ,>>Gmts MA II i.ae
saassiv destroys the mNsacs 81 i,S eva eli s,as
NlsfsAss. ~ 81 Tie r.Ssaa> ~ SSG,. sNea Ia, ~
Mv s~sc tsss. asseAas i,Ssa, Il The tcsg, n al H.,
ssss ssse saAoa pare, No shsss4Aags, u IL
sasssss.s y, s.ssssoS. ~ ea,trSc sna III Z ~
se>sss "a 10 asssstr Of tac l.upc wa> ss>s 4
fcnss IN IN, Al any CONSIDERABLE Vxts,..l sAys.5
a..sss>s srssess W., saasc3 aopcs, dssaSss, ~
tse.ss. saa al "a, N.ses sprsastsSs f. n L,
Mssss sest..s "a tas.rss AID AsNta 0ssss
The vosst ss,ssssasass et nSs, ~c>,.esS,ss va
tssai.s al NV irosa The Sct ct a Sus,ra,as.s
Nss.atss tSsss ssssa tssv hands o. t.s la e.,se
MASSES The saoslSs sEvS ~ AAssch aSs~. NsN.s
taelf, rNoAsss. aNsseissssaSAs sulscsv. sslt ~ Z
Gasns AM FRAUD Of rye hue ard N i Il ta.e, II
issa ss.ss = s<ssass>. u IN AID >G..s III
carSa sssss saS~s sss ~ vi "a II ~ II
- IL s1Sssa~ aaes sd ~NGca, 1lc ST ~
asstsc> u naaa~s11 ~ >sa9A tayt ~ cr~s L i !.
supply 81 asua>s aN> hctn s>sss AID IA q
pN.rss i~sa, ~ istt es.,ass,s ssls. usge Il,
SsAaNs~ssve las aaae esas1 IN "a ~ lie nAe
I'd saessa assss tle !sa's anu ,aa e>s.ls >
hsacs al al ese 0@aass ~ iafsG.y have l., 4
laa>t CT Nasd.
Bat the Seertasy ~ the TreSses,
DOES n 4 stop ms,s the re,omm-a.:a,,a ~.
hase esteSs Tor ,.ae iessuctS,.a ~ s,.s,
money III sao form al SILVER wisieates
he msSsesslv asss Tor the rcrsal q. Il,
act 1t Fess -. ISIS. lsasilsa,
tor tue coinage II ss,Syr, ami request,
that the @lese saaiecs he loft hs Ca
gress - his i'scrs, laa IL ysGn mach i
ltsie or aoae - all. - he may TIN.
best, HIS language is as lows
u = thcrsso y rsussa ssasnt, a that iii. .sns
Ion tor tso ceeasgc VI = nArs. aMc,ss, 4.
naoats ee rssseassi. and ,h, Sesgs,asy b. Al
taosasel u an "a ~ IA aca a. w,a DC as<s !
sAry IL supply tie i~a.Sila,
II i very obvious that The object .
sLia Recommendation IN the PAR, us III.
Secretary IT the Treasury is e. ,,rs !,
slivsr ensir.ls cut of circulation. Ta.
will be sesn srom the fact ,hss ae i,
tempss IN his report h. Show tina, ,hsr
II NJ ,;esaaai Ter silver. AMI a:ass /,
make false impression ,ia, it has b.,
difficult 70 put silver money in cirsss..s
hoN. Iqno;e ~ follows from HIS report
A rqa.s,i hs the all u Ea1rsa'y =,
ISIS, 10 department Las q used IL L. cs,a.cs
into sssnissd sivss dollars ,aca nsa..sh j
least ssssa, tsss n value of allaa ef ..ss; ne,