The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1885-10-22
tile Il. asury CT tic United states more


tic ii l:.4ssl ii the world ever had.
1t ~. ..i II tie silver dollar would
nos i, pa. Int it las. 1t has
bro nlaet. and sill buy just
~ fal ~ u god collar will
bsls. III ~ q TIA! It WIS a bFIzzard
do .. as ISL tiie nation WAS repudi-
attn. .s nliei..ions to force i. upon its
cfa IT. Ill. silver dollar was the
ms t.4 value, md the dollar Of the
c.. als8 every .oiiar Of our ma
tis..8st /. s 500 Oh racted, and the
err t.a41aneis payment Of his
DO i i..,r letter dollar il himself
disi.oi TT.
Tie force ing statements have often
LctA male, a..a never refuted. Wall
street knows a. we'll Us the Western
Rural that they are true. It knows
that every argument they have, or dare
to put forth publicly i'll justification Of
their nefarious scheme, il false pre-
tense, and ruse to close the public
eve to the real, underlying object Of
their deviijsh conspiracy.
The real question, which lies at the
bottom Of the whole movement, but
which Wall street dare not proclaim to
the public, is d question Of having
larger or smaller volume Of currency.
The Irish UOrti very truly remarks:
1T is we'll known that the admins
trati6n at Washington, acting in the
interest Of the ba kiag fraternity, is
doing all it can to aiscred.t silver.
The latest move Il has made III this Iii
rection is the xltnafami.. ci the 81 aud
~ III la II 1.l-
lars into circulation ii the hope that
they will become so unpopular that
general demand will be made for the
stoppaee Of Their coinage.
...Ihc hanain. fraternity ire opposed
to silver ,.s.sauee j 5 cir iiittion affects
the purchasing power al gold, OF which
they have i: VI. ~ iaonopoly. Airy
one ut all &c ,uaMtsu with the money
question knows lat tn rice Of labor
and property 6, iii kinds Is regulated
bv the volume u currency. ii that
volume is limited ~, dollars, whether it
be made Of gold. i.9fr, or paper, will
purchase much more than it would If
the volume of currency were large.
1T can lie readily seen how the
bankers will be benefited If the coin
age Of silver is stopped. The gold
they hold will immediately appreciate
III value. In other words, they will re-
ceiye free gift II many millions Of dol
lars. But what they gain others will
lose. Eveyy man who owes debt will
have it increased ~ tbs triumph of the
bankers, for the reason that he will
have to part With moe OF the products
of his labor TO li.u;Iate his debt ii
silver il demonetisea than he would
have to part With il il continued to
circulate"
The double standard or gold and
silver money, had existed from the
earliest dawn of history, from the time
Abraham bought b.rial place for lis
wife with Ipo shekels Of silver, until
the nineteenth century, when the Shy
locks OF Europe demanded the demon
citation of one OF the metals, not on
account Of its quality. Int in order to
contract the quality ri money, in or
der that their ial,;ei nter,st-hearing
holdings might become ilere valuable
through the fall OF &c ..ral prices.
Here is the proof
In 1857, il his work Fall of Gold"
Chevalier said:
The quantity Of gold annually thrown on
the general narke approaches, in round
numbers, a mi.iiard francs tea. 100, 90 -
For long series q. years California and
Australia must produce suuh quantities as
to render a marked daclaa IN its value in-
evitabc.
1t is absolutely certain that production
90 vast should be accompanied with Il great
reduction III is yal1n.
In no direct on tan lew outlet be seen
sufficiently large To absorb the extraordinary
production OF gold, ~ rs to prevent Il full
iii its value
| Unless then. ~we ros css Il very robust
faith in the iinis. iil'. III human affairs,
We must regard tie is,1 III the satua Of gold
as an event for which We should prepare
without loss CT time.
Under this and similar appeals from
different parts Q; Europe by the money
and creli or class, who saw, IN the near
future, their cola and their securities
. deprcciating ii value relatively as the
poor mans i.si.or and the producers
wealth increased. through the increased
and several other countries demon
etized gold.
Tn this subject the Congressional
Monetary Coma.seion SAYS:
..ihe E.cytist il i. :srtpe fer the genera
Il
general. tai III. ~ ..si>taaue oa france. /
was changed III ! Z INFO Il iaos emen for til,
decentralization p sis =.
:. ut this Oh ise fr..a ~. oaetisinss gol'
TO lefa0nctitif@ ~ - moe o. torn
. than OF sahstancs. 1is Of, C aimed a b.
both WIS a ass.sc IL onc oil the laoney metals
to !g.q.t..zt g c4set :. ret. and those having
fai III osfi against q fall in the value o
money, and III Y. lasQt prices IN tdt0
ami iji3fei#'t.
The commission adds:
!, Tins I the riih ans, marrow OF the mon
, etary Il discussions O IN past twenty years
In all TIM European discussions after ISIS
AMI prior 10 tine German acmonctiGatlol
OF silver and lis consequences, the poin
; maze MAS not tia. either metal had deprec
. aiei t.iIiitsia u taer, but that by reascl
OF the extraordinary supplies of gold frol
Cali ariiia AMI Australia about 1867. and b
new supplies ol silver from Neyeda, bot
} metals hal de appreciated / ). II 10 ttbr IN
, cemm4ii aud ,iat kiN1S. princes ana o.
. | fee no dcgs. hat ing 5.ttd i.!sD.nes, and tn
creditor elias. having f4..d daaaities, wer
beng injured rs i; tse I'll tie ~ ice VI idbo
: an s i1M q $.
: The Official resume OF the doings {
: the European Monetary Commissio
, contains the following: aet:rr citin
! the increase :. 9. general .3rices. and tn
. , corresponding diininut on IN the vaiu
4 OF money as compared to property Y
1 AZ increased volume of coin from ScV
c uUa. nA To 80, ~ 80:
il III Is impossible TO estimate exact
/? what the ai,ainntioa i, but whatever
g may be, it demands the attention
a Governments, because it affects inf
J, vorably al that portion II the popul
ton Ni.ose income .'ase.ssl ,femainin
i nomiaai.y the "a 9, afsas, goes Il yea
y ~ dinna %, .. D.ae ha,,ng power
4 Now, why don i Va. street come O,
y squareiy AM! state The lac rs clear
a !. as did the European Shylocils? It
|. because the European Siylocks hs
not the fear Of the popular ballot b
% fore them. The Governments We're q
. solute, they could do what they please
a and "the people 10 damned"
40 They dare rot DO SO bold in TIL
:. country so they screen their lalIlS