The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1883-03-08
ETC, ETc., ETC.

simple interest upon the bonds used to
pnrchase such bullion NJ per cent II eE,,-
sS'., ,tas. This In the amount paid unncces-
karily by tho people annually Tor the luxury
Of using silver and gold metals instead Of
grecnback paper. which II more convenient
silver and from one half To 3 per cent more
than the gold hi nearly all the civilized
nations Of Europe. In addition tn this our
Government donates to the capitalistic
classcs s.HO.OD,WO Of paper money and
forces the people to pay ll,M,M Mo interest
la order to keep up the grand system of
suction called national banking
The use of sslG.',sl,Oli, the amount
Of our present Kreenbacks. which
have been In circulation during the last
twenty years. estimating 5per cent semi
annual compound interest (Which has
been paid upon interest hearing bonds,, has
saved 10 the people IN interest SJsi, ,6Ei,
principal and interest s.sn, w, ,t1a5l and
this kind Of money ~ now preferred to gold
and silver. This, with the decision OF the
Supreme Court fully sustaining our right 10
issue such money! In peace ns well as In war,
solves the whole problem Of money @1hnt
which the Government requires the creditor
70 receive In payment for debts 10 tnx
the American people to purchase the metals
to be used for money In the light of such
experience. such knowledge and judicial de-
cisions i not mere proiiigacy; u II great
moral crime
4 Arepuhlican government with sovereign
power 10 is Nc ts currency had no necessity
iar IN interest bearing debt The capital
istic managers had no Just right to change
n currency debt To nm interest. bearing coin
debt They had no moral right through
special legislation tn contract the volume Of
money and curse the American states by
causing hard times during ten years previ-
GUS to lSsA The millions who were made
bankrupts. paupcrs and tramps should ho.l
such political leaders responsible for such
crimes
In 1876 the Government destroyed eN-
Nl,oN of fractional paper currency. which
was more.coiryenient In use than silver and
performed all the functions Of money A =
percent interest bearing debt was placed
upon the people to purchase silver. The
simple annual interest during the last SIX
wears would he sl5.m.uU worse than
thrown away. because the paper was better
Nobody asked for this destruction Of our
paper money except money speculatnrS
The siA.uN.,sn destroyed In the interests of
bulionists and bankers would have built \
double track steel railroad owned and con
trolled hy the Government from New York
to Omaha.
We demand tn. peoples money. issued by
the people AMI for the people without pay
Ill. toll tn either hullionists or bankers We
have no necessity nor desire To purchase the
credit Of individuals. iii issuing bank paper,
troll all property and the credit Of the entire
population We have no necessity nor de-
sire To purchase single commodity af met
al or other substance to hold without use to
| strengthen the credit Of great nation that
controls all commodities
We demand that the commodity value of
| the idle coins and bullion shall be utilized to
| stop the interest upon bonds We demand
| that the non interest bearing legAl-tentler
paper money OF the Government shall take
| the place of the bank paper and the interest
| bearing bonds. that NIL the money belongs to
the people, and that il shall be thrown into
circulation by paving creditors and Govern
| ment officers, that IL may be utilized TO build
railroads, cities AMI towns improve rivers
and harhors, employ labor, stimulate in
| dustry anu enterprise and develop the re-
| sources of u great nation.
The New York Times, in q recent issue. IN
speaking against the Grecnhackers, says:
| 1T was they who compelled in ISIS the
emascuation Of the act for the resumption
| OF specie payments by forhidding the pay
ment of legal tender notes il was they who
secured The absurd and dangerous silver
law and have prevented its repeal
Thus does the 71m.s truthfully give the
| Irecnhaekers credit for stopping the out
rageoas AMI criminal policy VI destroying the
peoples money and increasing the interest
hearing debt The 1i,seS truthfully gives
/ our reformers credit for increasing the
volume of money Ii might trnthfullv give
our people credit for getting the grcenbacks
received for import duties, thereby cstah-
fishing their equality with gold. which was
all there VAS of specie resumption The
1 7im.s III ghf truthfnlly say that the Green
hackers educated the people and beat the
| long time bonds and reduced the rate Of In
terest That they caused an increase Of
/ slMs.I, .c<s i'll the volume Of money within
two wears and ten months, from Jam |.
| l>.a and thereby revived the industries of
| the country anu gave prosperity To a.,WN.
,M nf people Who had been made to suffer
hard times by premetiitated. unjust legisla-
| tu,. caused by money speculatorx We
have shown by figures that the s.ii,i, i,.Sl .ul6
VI 2reenhackS used during the last twenty
| wears have saved To the American people
in interest SIM. sa,,ili and that the paper
nov III use Ii worth more than gold. We
| also show that We have right 70 use such
lawful money hs the decision of the United
states Supreme Court in December, $780, as
| follows.
i cgal tender treasury notes have be-
come the universal measure III values
Making ,hr notes legal tenders gave them
a new use, and II needs no argument to show
that the value of things Is in proportion 10
the uses 10 which they may be applied.
"Mhatever power there h over the cur
| rsncy Is vested in Congress IL
the power tn declare what Is money is not IN
Congress ii il annihilated The con
stitntlan does not oidain what metals may
he coined, or prescribe that the legal value
OF the metals when coined shall correspond
al all with their intrinsic value in the mar
ket. Nor does II even affirm that
Congress may declare anything to be legal
teader for the payment Of dehts
Ii is hardly correct to speak of = standard Of
value. The constitution does not
speak Of It. : Ii contenplAtes that
which has gravity or extension. but value IL
an ideal thing. The coinage acts
iix its unit as dollar. hut the gold or silver
thing we call dollar is in no sense stand
ard II dollar. II is \ representative cf It
These cases have been heard be-
fore full court, and they have received
our most careful consideration
This decision II second proclamation Of
ncipation. This decision declares dis
,inc,ly that Congress has discretionary con-
trol over the whole subject ot money. That
the gold or silver thing We call a dollar il in
no sense standard OF dollar That In
trnsic or commodity value has nothing IL
de with American money. This decision
lherateS the people from hcndaye TO the
money kings when they shall elect men for
! Law makers Who are not bnllionists or bank
erS or the attorneys of bnllionists or bank
erA