The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1882-09-14
Testimony Of Patriots Read and Ponder.
PERPETUAL DEBT. .

PERPETUAL DEBT.
I am not among those who fear the
people. They and not the rich are our
dependence for continued freedom.
And to preserve their independence, we
must not let our rulers load us with per-
petual debt. Thomas Jefferson.
LABOR AND CAPITAL.
Labor is prior to and independent OF
capital. Capital is only the fruit OF la
bor. and could never have existed II la
bor had not first existed. Labor Is the
SUPERIOR of capital. and deserves much
the higher consideration.-Ltnt
Second Message 10 Congress.
CLASS LEGISLATION.
affirm il as my conviction that class
laws placing capital above labor are
more dangerous to the republic ut this
hour than was chattel slavery in the day
Of its haughtiest supremacy. Ltncotns
Letter. TO Ellis.
CONVERTIBLE MONEY CURSE.
No convertible paper that j., no
paper whose credit rests upon promise
to pay-is suitable for currency. A
medium which simply obligates the
Government to receive 1t for all dues
would contain within itself self-regu-
lating power-J G. Calhoun.
WHAT CONSTITUTES MONEY.
Whatever the Government agrees to
receive in payment of public dues, as y
medium Of circulation is monev-cur-
rent money-no matter what Its form
NAV he. treasury notes. drafts. etc, s,ch
notes. bills or paper issued under the
authority Of the United States, is money.
Henry clay. IL the Senate ~ 1881.
CHEAT AND FRAUD.
A specie-paying system Is = cOntrlv-
ance invented to cheat the lahoring
classes Of mankind.--Dn.iei Jebsfer.
THE LEGAL-TENDER MONEY.
An practical question it is n contest
between brokers and joblers and
money-c changers on one side, ana the
people of the United States on the
other. I venture to express the opin-
ion that ninety mine out OF every hum
dred Of the loyal people Of the United
States are for this legal-tender clause.
-Sendtor Wilson.
LABOR! LABOR! LABoR!u
The greatest interest Of this country,
the canse Of all its prosperity. is labor!
labor !! labor!!! The Government was
made to encourage and protect thus in-
lustry. and give it security. 10 this
verv end, with this very object in view,
mower was given to Congress over the
currency. and over the money system OF
the ecountry.-Dlaiel lvebster.
CONSTITUTIONAL IL PEACE AND IN WAR.
United States treasury notes, not re-
ieemable in any other circulating me-
dunn, are constitutional money III peace
or war.-United States Supreme contf,
! in 1919.
I THE GREAT CONTEST OF THE FUTURE.
i nv agency in procuring the passage
Of the National Bank act was the great
est mistake Of my life. It has built up
/ 4 monopoly that affects every interest III
! the land. 1t should he repealed. but
before this can be accomplished the
people will he arrayed on one side and
| the banks on the other. in contest
such as We have never seen III this coun-
try-SalmOn +. Chase.
SHOULD DE BASED on CREDIT.
If Congress has the right, under the
constitution, to issue paper money, 1t
was given them to be used by them
selves. not delegated to corporations or
individuals. l wish all the money of
the nation, whether gold. silver, copper
or paper, based. not upon coin or other
money, but upon the credit and re-
sources of the country.-1ndfeG Jack
SON.
GOVERNMENT vs.. BANK MONEY.
1t appears to me. after bestowing the
hest reflection | can give the subject,
that no convertible paper, that no money
that rests upon promise to
pay. is suitable for currency.
! It is the form Of credit proper
in transactions between men, but not
for standard value to perform ex-
changes generally. which constitutes the
appropriate functions Of money or cur
rency. No one can doubt that the credit
Of the Government is better than that
Of any bank-more stable and safe. |
now undertake to affirm, and without
: the least fear that | can be answered.
that paper money issued by the Gov
ernment, with the simple promise OF the
Government to receive il for all dues,
. would form perfect circulation. which
would not be abused hy the Govern
ment: that it would he uniform viii
the metals themselves &. ci-