The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1885-07-09
DESPOTTSM.

A Wall Street Ring, Not COngross, - m0
Making Power-Armed Lunstics II
what tho People with Ballots Are
Called" Fool the People" II the Motto.
from the Chicago Exprcss.l
II any one doubts that the people
are being hoodwinked out of their in
dependence and made the cats-paws Of
q gang of despotic conspirators, whose
only idea of liberty is liberty u rob,
and whose politics is limited to the
ssfeot and most efficient means of plum.
dering the producers of wealth., let him
read the following, irca' the New York
Com mcyciat 4id trt;s. 4:
IT has been rnmored lately that under
the advice and with the assistance ol
Mr.. Tilden, Secretary Manning has
be,-n cn1eayoring to effect some sort 81
q compro.- -.,s.s with the silver men, I'M.
der which 4 law ,-'Aserling c0mpulso-
ry coina"e may he passe.. Af'y " pHe
next session Of Congress.
Unit it can be known what terms
Secretary Manning is prepared to offer.
and villa. the silver men are willing to
accept, il is idle to attempt any discus
sion Of the wisdom or unwislom OF the
compromise. Some things may be said
with confidence, however, even now.
The compulsory coinage law is source
Of grave and rapidly increasing danger.
II is OF paramount Importance to secure
its repe..l in time to avert financial
shipwrsc ok, and for the sake of that
many concessions may be wisely made
which in other circumstances it would
be folly to think about.
The hing needed is the repeal OF that
law, absolutely and without conditions: /:
but the silver men lave the power and
the will to prevent that. Mr. Manning,
as sound financier and a practical
state sIlan, understands perfectly that
If he cannot se.nre !, II that i desirable
the course of wisdom is 10 make tie
best arrangement that is practicable,
and to secure at any rate the main OBJ
iect, SAFETY from the impending danger.
If he sl.all bring the silver men to con-
sent on any tolerable terms to suspend
or repeal the law of compulsory coin
age he will have worked miracle in
the country's interest, and without
doubt he can afford to make many con-
cessions in order to secure that end.
In dealing with armed lunatics wise
man does not insist that they shall ac-
cept logical argument; he is content
If by any concession to their unreascn
he can persuade them to put aside their
weapons.
The compulsory" coinage law is not
. source of danger to the people. The
only interest or enterprise seriously af-
fected by it are the go!d-bugs who de-
sire to appreciate the value Of their
plunder by making it the only money
to he had in the coming financial crisis
the usurcr, and the fixed income
classes, who desire to increase the pur-
chasing power Of their stated or fixed
incomes.
On the other hand the millions of tax
and debt payers, aud wealth producers,
must lose all that Shylock aud Gold
Bug gain by curtail;ng the debt-paying
money volume.
To illustrate:
Debt and tax payers, and wealth pro-
ducers, stand on one end of the finan-
cial tecter-board, and Shylock and
Gold Bug stand on the other end.
Any measure, agency or force that
elevates one depresses the other.
That a suspension of silver coinage
would enhance the value of gold, no
intelligent man will deny. Ii SO, the
effect would be to enhance the value
of not only the gold in the hands of the
money mongers, but to increase the
value and purchasing power of every
dollar OF principal and interest Of our
vast debt Of over twenty thousand mil
lion dollars.
And what would DC the effect upon
debt-payers and woalih-produccrs?
1t is an established fact that dear
money reduces the price OF everything
valuable, except gold and debts, and
the reason why debts do not shrink in
value, but increase rather, is because
they are payable in the dear money.
Labor and every variety Of its prod
ucts silk with tie depressed end OF the
teeter-hoard, as money goes up on the
other end.
Z. i. Buchanan, in his excellent work
inst published. says: a d.waward
tendency IN ir.., prevents t.c invest
ment OF fresh Mn.y is.' 20 net
i've enter; rises, !: Il sa, ! h. a.
ready inycate.; u : i ar4 This
is especially tine when tie .ie..i4e is
caused hy tie increase in the value ol
money.
@The withdrawal OF capital from pro-
ductive enterprises ierriyes many
thousands of emp.oyment, aud those
who are furnisi ed work must accept
lower wages. The ability OF the mass
- on.l on,c,r,,,.A 4,
products is thus lessencd, and thus
production and consumption decline to.
gether."
The price OF property goes down as
the value of money goes mp, until the
crisis comes, and a general crash and
almost universal bankruptcy of the peo
pie follow.
But the Arabs of Wall street catct
| the wreck.
Such wrecking period is being pre-
pared for the people, and it will come
when Congress can lie wheeled into the
| conspiracy-to knock the silver prol
from under the industrial superstruct
ure.
To strengthen and encourage Con
gross, Wall street, the great metropoli
tan journals, and that great dsceiver
The Associated Press, calls the peopl,
| "ARMED LUN.Tics."
Armed with the ballet.
Armed with the franchise Of citizen
ship.
Armed with intelligence and common
| sense.
| Armed with truth and justice.
These arc the arms that the Wal
street despots weu Il have the peopl,
put Aside, iy 'aking "any concession
to thei, unr a.oa."
To tbs n q, IA scheme Of foolins
the people and rolbins the industria
hive of the honey Il toll Grover Cleve
land he's pr. t'tu.el his manhood, hi
conscience. hs aiiieia! position, hi
party, ana 'er 4 ia eonnty and TIN
inheritan..r =! l. nnEn generations
sacrifice IL Manmon.
liz .sa;as sa.ues,