The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1884-04-03
nited action on tho part Of the tariff

NHlleu ucIlOn OH INC part VI TIC 1uIlH
reformers.
The bill ito extend the time for
tho payment OF the Tux Oh the distil-
led spirits now In bond" received its
death blow yesterday. Mr.. Blonnt
OF Georgia moved Ito strick out the
cnae,ing clause of the BILL" which
motion carried by u vote OF 1856 yeas
To ~ nays. The banks and the
great distillerics were allies In nsk-
Ing for the passage OF this bill. The
banks having advanced large sums
OF money to the disiillcrics, both
parties having formed Il ring, to
prevent n falling In the price Of
whislscy, nm enormous quantity Of
which IL now stored In Uncle Sans
bonded warehouses. The taxes due
on wiislsey In bond amounts to
nearly $50, 900, 900: this sum will now
have to be paid within short time,
thereby enabling the secretary OF
the treasury to call In like amount
of interest bearing bonds. One Of
the reasons why the banks favor
ed this bill was to prevent
the speedy payment OF the bonded
debt, believing In the principle that
"a national debt Is u national bless
ing" for those interested In banks OF
issue.
Congressman Weller voted for the
people. as against the banks. Mr..
Il move to unlock the Treasury"
(Belford OF Colorado,) who nssails
every reformer In Congress, voted
promptly for the banks.
The next bill on the House Calen-
der after the whiskey bill, was Judge
Reagan's bill ito regulate inter state
commerce" which was set aside
through rail road influence giving
place to the "tradc dollar BILL" This
bill provides that until January lst,
1856. Trade dollars shall be rcceiv-
ed at their face value In payment OF
all dues to the Government, and
shall not be paid out again; that the
holders may receive In exchange
thereof at the office Of the Treasury,
or any assistant Treasury Of the U.
S., standard dollars: and that the
trade dollar so received, shall be
transmitted to the coinage vaults
and coined into standard dollars
and that the trade dollars SO receiv.
ed at the coinage minis shall be re.
garded rs silver bullion and ut their
bullion value shall be deducted from
the amount OF bullion required to be
purchased and coined by the act oil
| February %, 1873. Two substitutes
and several amendments have been
offered, for, and to the bill respec.
lively.
Mr.. Smith of Pa, offered a substi
tute: "Reaeeming the trade dollar
at their face value and suspending
the coinage OF trade and standar.
silver dollars"
Mr.. Poland OF Vermont. offers ,
Substitute, providing that: 9TH,
dollars not defaced shall he a lega
tender nj their nominal value, fol
all debts and dues public aud pri
vate except where otherwise express
~ stipulated in the contract, an,
that there shall be no further coin
age under the act Of February 18th
i 1873"
/ Mr.. Weller Of Iowa, offers the fol
lowing: Amend. section !, rs FOL
lows: provided, however, That til,
lSecretary OF the Treasury and Off
Gals OF the Government shall In al
cases receive other silver bullion
suitable for coinage purposes in tn
stead Of trade dollars to the extent O
all requirements under existing Law
when offered ut less price than sait
trade dollars are"
4 Several other amendments wer,
offered, which do not material,
change the character OF the bill, ex
icepting the amendment offered b,
Mr.. Mills, OF Texas, providing: "Tha
other silver bullion hereafter pur
chased shall be coined into half dol
lars, the same to be made lega
tender for all debts public and pri
yate."
1 Should the bill be passed withou,
being amended, rs desired by Mr.
Weller, the spectators and dealers
i'm money. who have been engaged
for the last six months in buying VI
every trade dollar, for from 80 to .,
cents on the dollar, will reap an ell
ormous profit, amounting to several
million dollars.
The producing classes, they being
the tax payers, would be compelled
to pay over again to the money
gamblers alike amount they hav.
already lost in consequence OF til,
outrageous act Of Congress: "De
monetizing the trade dollar" passet
in 1876. Then the dsmonetized trad,
} dollar was in circulation among tn,
farmers and working men, and earn
ing the curses OF a million lips
Congress failed to wipe out thu
swindle, but now specializing few
after bleeding the people for Yeas
holding a corner on nearly every
trade dollar in the country, demand
that the same shall be redeemed a
their face value. And that Is, wha
the advocates OF monopoly on tn,
floor Of the House call 1.-THE nation,
honor-justice-equity." Wherea.
it should be called, "dishonor, in
justice and robbery. "The grind
ing greed Of the ghouls OF gain viii