The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1884-02-07
RYrECTs TRACED TO CAUSES.
The Milestone Tied TO the Neck Of
Labor.
Why Farming Has Not Paid.

al effect which Is manifest 10 tO-uAy
Is the result OF q series OF causes
carefully considered and previously
arranged to produce that effect.
Now we propose briefly to point
out train OF causes which have had
tho eifoot Of producing to labor pre-.
cisely the results that have overtaker
SO many farmers IN this county, and
indeed, I'll over tho country. Re.
publican papers which aspire to b.
leaders OF faction, hut which ignore
line OF thought that would induce
farmers to trace effects to their legit
innate causes, are prompt to rebukt
the toiling classes with various slurs
malicious insinuations and false
charges. because they are the victims
OF y train OF causes promulgated and
and put In execution by the part,
headers to which these same paper,
yield willing and obedient service.
As a class farmers do not thcoriz,
much about money or Its uses.
WHAT THEY KNEW.
They knew this fact: that rs 9
class they owned one-hali, at least
OF the country; that they worked
hard, lived economically, and as
rule made little beside a living
while the banks, the loan companies
and the varied corr crate monopolies
with less than one third the capital
had been able to build ralatlal resi-
dence, to live like princes and to
Scoop In farms and business blocks
almost without limit.
These general facts we're present
to him at every county seat or com.
mercial center. compelling him t.
compare his own failure with their
success. This comparison forces
him into the aeld OF thought and
compels him to the conclusion that
somehow these classes are given
opportunities that the farmer and
laborcr do not enjoy. In this he il
right, and now, farmers and laborers
follow US while we point you to
these opportunities given to idlers
by law, yet denied to men Of your
calling.
OPPORTUNITIES COMPARED.
Foremost in the line OF these un.
equal opportunities Is what our re.
publican friends denominate "Tht
best banking system the world ere,
sdr."
Now lot us compare tho opportuni.
ties OF this system with those given
the farmer. The farmers capital Is
his farm; the bankers capital is his
bonds. The banker deposits his
bonds with the Secretary OF the
Treasury, who thcrcupon Is author
ICED by law to issue to him 9Oco oil
their face value In national bank
notes. Thus II his deposit Of bonds
is $4,000 (the least cum authorixed)
he receives $4,000 in national bank
notes, which he Is authorized to loan
ut interest. Tho government charge.
him 10 for the $4,000 which is
$3.50, but anticipates years inter.
est on the bonds rs It may under the
law. which 1t pays, and ut 40 would
be $4,000. This payment Of interes,
continues quarterly commencing
with the next year, the bonds and
notes now constituting a new capital
OF $4,000. being absolutely exemp,
from every species OF taxation.
Now let the farmer 60 Washington
with y trust deed to his farm and ask
the Secretary Of the Treasury 10,
9OseS Of its value ut Is or indeed a,
any other rate per cent, with the
privilege cf retaining for his own
use whatever the farm produces
II the farmer Is not run In as crank
by some policeman, he will be ad-
vised to go back to his farm and 60
to work: that that Ia the way fol
him to get money. Here We have
cause No. l, in favor the banks.
THE BANKS NOT SATISFIED.
But this advantage. rs important
~ It is, did not satisfy the banks,
At the close OF the war the govern
ment issued $3.50, 100000 in legal
tender treasury notes, in addition to
previous issues, with which to pay
the soldiers at their discharge, every
dollar OF which was performing all
the purposes and functions OF money.
While money was SO plentiful the
people had got out OF debt, had their
homes paid for. were not asking
credit anywhere, were not seeking
to borrow money aud were not ca
gerly taking to national bank notes
To avert this state OF things the
bankers felt called upon to do some.
thing, and they did 1t by filling con.
eress with BANKERS. Their mex,
move was to authorize the Secretary
OF the Treasury to destroy SIC, OOO, OOG
OF treasury notes at once and four
millions month thereafter. The
calamities that befel the laborinc
men OF the country, the farmers and
aGriculturists was foretold by the
greenback leaders and fully con.
fessed by the republican leaders Of
that day and Of this. John Sherman
OF Ohio, who afterward led the cru.
sade for the destruction OF the treas
ury note, said In u speech In the