The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1884-04-17

made to the people TINT resulted In
choosing u Congress and administra-
ton ovcrwh elmingly In favor OF its
repeal tho next year, md ut no time
since has Il been enacted. We
refer to the Inv OF 1910, passed the
last year OF Van Buren's administrA.
ton. That law divorced tho gov.
eminent from all ban ks OF issue,
and also excluded treasury notes
from tho treasury, only allowing
coin to be received into the treas
ury. That law rcpudiated In 1910,
was repealed In 1871. In ls46 tho
democrats again eamo into power
and with both branches of Congress
and the executive for sixteen years
thereafter, they never rc-enactcd
tho law Of 1SA0. On the contrary,
that party enacted tho sub. TREASURY
law which went into force In 1sl6.
This law excluded oil money issued
by bank corporations from tho Treas
ury, but added treasury notes to
coin, making them equal before the
law for all debts due tho United
States. That act was giving force
to democratic conviction IA expires.
sed by Mr.. Jefferson In his letters to
Mr.. Epps IN 1918; OF Madison In his
messages Of lsla, 1916 and 1915, OF
Jackson In his messages Of 1879,
1880. 1891, and 1882, and OF Tyler In
his messages OF lsll, lsa2 and lsAS.
We believe that three. fourths OF tho
members OF the democratic party
are opposed to the national banks.
and to all banks Of issue, and are In
favor Of the restoration Of the law
Of lSa6, making gold, silver and
United States Treasury notes equal
before the law, In all payments to
the government, and the only money
recognized by the government. This
law OF 1886. was recognized by
democrats AS the perfection Of finan.
cisl wisdom. aud by those republic
cans like Thad Stevens, who sought
In 1861. to make the treasury note
full legal tender for all government
dues. But the rebellion had closed
out democratic ascendency In Con-
gress and turned that body over to
Wall street, which with the exccp.
ton clause on the Ircenhack, wiped
out the democratic law OF lSl6. The
small minority OF democrats who
adhere to the policy that repealed
the law Of 1876, and In It's place gave
us that Of 1862. should so to the re-
publicans where they belong.
MONEY FOR ONE HUNDRED YEARS.
The question before the American
people to-day Is not whether our
money shall be paper or coin. For
moro than one hundred years the
money OF this government has been
paper, so that question Is decided.
The contest now Is whether this
paper money shall be issued by the
government. be made full legal
tender. and OF uniform value through.
out the United States, or whether Il
shall be issued by corporations. and
falsely and fraudalently profess to
be- based upon coin, with perhaps
only ore dollar In coin To twenty or
more al paper, Jefferson and jack
son and Calhoun insisted that al,
money should hc issued Ivy the gov.
ernmen, end that paper thus issued.
made a legal tender and based upon
the credit sad revenues OF tho gov
eminent would DO the best and
safest moncy of the country. Long
before the revolution. Pennsylvania.
Massachusetts, New York, Virginia
and North Carolina had n paper cur.
rancy of their own, which was made
. full legal teader In all private pay.
Ment and for all taxes and duties
due the colonial government This
made il the aoney Of account il
was not based upon coin. was not a
''promise 10 pay" but n promise To
receive for all debts due the state,