The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1885-10-29
The Money Battle.
From the Western Rural.

The friends of the silver dollar
might as well be its enemies unless
they are fully aroused to an appreci
alton Of the necessity Of entering q,
once and determinedly upon the
work Of defending it. There has no,
been day and hardly an hour this
summer during which the conspira
cy against it has not been active
1t is now proposed to issue silver
certificates based upon the value OF
the silver bullion in gold, and a bill
will be introduced to this effect, thus
virtually accomplishing what the
enemies Of the peoples money wish
to accomplish, the making gold the
measure Of value and making it the
only legal tender. These certificates
will be legal tender for dues to the
government but not between indi-
viduals. The bill has lseen conf
dentially printed for the president.
The certificates are to be resleema-
BILE in lawful money ut the option OF
the holder or in bullion ut the option
of the government. The ratio ..
value of the silver bullion is to be
determined in one OF the following
three ways:
First The value Of the bullion for
any given month is to be fixed by
the secretary OF the treasury upon
the basis OF the average value OF all
the sales Of bullion for the preceding
month, according to the New York
quotations Or the quotations in Lon
don, preferably those Of New York.
SecOnd-The price at which bull
lion will be taken any given day is
to be determined by the mean price
Of the sales OF bullion the preceding
day Of the last preceding day on
which sales were made in the New
York market.
Third-The price Of bullion for
any given day may be fixed by the
mean price OF the preceding day, or
the price Of any given month may
be determined by the average
price for the price for the preceding
month in London, less in each in
stance the cost Of transportation.
Congressman Warner would pre-
fer that the price should be fixed on
the basis of the New York value, and
is OF the opinion that the fiuctua-
lions OF the price Of bullion are SO
slight that the most practicable WY
would he to determine the value for
u month at IL time on the basis of
the average value for the preceding
month. The greatest difficulty has
been to decide upon the legal ten
der provisions OF the bullion certiii-
Gates. The object has been to avoid
all constitutional objections. There
has been important changes made
in the original plan as to the re.
demption OF these gold bullion GER
tificates, and provision has been
inserted which, it is claimed, would
prevent the government from any
loss in the redemption OF the certiti-
Gates in bullion in the event that
SPECTATORS should attempt to con.
troll the bullion or "Ig" the market
The bullion certificates are redeem.
able at times at the option OF the
holder in lawful money. They are
redeemable in bullion only in the
discretion Of the government.
So the conspiracy M to the point
OF introducing the iii in congress
is complete. Ii it su,co Ids that the
legal tender money OF the country
and greenbacks will be the only
legal tender, and it will not be long
before the same conspiracy will get
the grcenbacks out Of the way. Let
your congressman know that he will
be held responsible for his vote
upon this bill, and do not neglect
it Western Rural.