The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1884-03-13
Correspondence from Washington
Washington. D. c. March & n

VSGudn0 sOns ~ ~ IA 1ASu ~ W.
EDITOR PLAIN DEALER:-I remem-
Der during the campaign OF 1882,
shortly after Mr.. Weller was nomi-
mated for congress, some Of our IRE.
publican misrepresentation" inform
cd the people Of the congressional
district that "the money question
was no issue In tho present CAM
paign that the money question was
Settled. |" and Mr.. Weller should
be defeated, because he represented
q dead issue.
Had these misleaders been present
during the discussion, OF senator Nc
Pherson's bill, Is. 1855 "a bill to
provide for the issue OF circulating
notes to national banking associa.
tiens' held In 1.-The American House
OF Lords" few days ago, they would
have been compelled to admit, that
the money question was IAN all.
mighty lively kicking, screaming
corpse" and II brother Burdick, 1.-THE
statesman OF Postville," and his kind
should take the time to read only
one Of the many speeches made in
the senate on the above named bill,
they would come to the conclusion,
that they had sadly erred In their
Judgment. The alleged reason why
this bill was introduced, was to pre-
vent contraction OF the currency.
The true reason Is: ITO increase the
power OF tho national banks over the
people ten per cent"
The advocates OF the bill deny
the right Of the Government, tho
people to Issue treasury notes to
prevent contraction, ard have the
effrontery to delegate that power to
sonlloss corporations.
According to the provisions OF the
bill, every national bank will have
the sweet privilege to Issue 100 per
cent. OF the face value OF the bonds
deposited as security for their circu-
lation.
This would give an increase OF ma
tiunal banknote circulation OF about
$50, 10000, without depositing an
other bond.
Honest John Sherman Of Ohio
moved to amend to bill, the purpose
OF his amendment was: ITO allow
the banks to issue 90 per cent. Of the
market value OF the bonds deposit.
ed" "Rascality! thy name IL John
Sherman" Ninety per cent. OF the
market value OF the bonds! Who
regulates the market value OF tn,
bonds1 Why, the banks! Who
dare deny It.? Will statesman Bur.
dick? Even tho American House OF
Lords, voted down this infamous
| proposition.
!, Senator Vest Of Missouri, Plumb
J OF Kans., and George OF Mississippi,
! fought nObly for the substitution oil
treasury notes in place OF the notes
OF national banks retiring their CIR
culation, but when ono knows the
makeup OF tho great majority OF the
United States Senate. could he even
expect for moment that, that body
would pass = bill in the interest oi
producing classes. Twenty Ave mil.
lionaires and as many agents OF the
same class control the destinies oil
the American people: no bill can be
come . law without the sanction oil
those men. February 25th the bill
passed tho senate twenty democrats
twenty-one republicans and two
readjusters voted for 1t. - in all.
democrats and 3 republicans voting
against the bill, Tho bill is now be
fore the honse, having been reported
favorably by the committee on bank
Ing and currency the vote in thu
committee stood 8 for and 1 agains
the bill.
The Plouro pneumonia bill afte
. long and animated discussion
passed the Hhouse Feby Goth. Gu
representative tMr. Weller) took ,
prominent part In the discussion o
the bill. Hts very able speech, ful
OF Information OF which Mr.. Spring
Or OF Illinois said: If I could ad.
anything TO what he (Mr. Weller
had said which would be valuable
would do so; bSt know canno,
l quite agree with him in the state
, ment he makes" Was one OF In,
. chief causes. bringing about tn
, strickinR out OF some OF tho mos
, Objectionable parts Of the bill. Gu
? representative proved himself ECU
81 to the emergency, closely watch
/ ing, and defending the interests O
Z the farmers and stock raisers, q
/ agains. the stock ring. that sough
/ to control the cattle trade OF tn
i. west by the terms OF bill.
i Mr.. Weller IL daily receiving a
|. enormous amount OF letters con
. graduating him on his efforts /
j, place the soldier on an equal footin
0 with the bondholder.
y GusT A. RAIN.