The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1885-03-05

q currency SO cheap that Il IL worth
but q fraction Of . hundred cents on
the dollar?
ANswER.-By cheap money We do
not mean money that Is worth one
farthing less than its face.
Gold dollars, as well as greenbacks,
are cheap or dear, In proportion to
the quantity In circulation, or in pro-
portion to demand and supply.
As the price Of products is meas.
ured or expressed by dollars, SO the
value Of dollars Is measured by the
price Of products.
We say wheat Is dear when Il is
worth 900 per bushel, and cheap
when It is worth but half dollar.
So we say money Is cheap when It
takes 42OO Of It to buy : busiel Of
wheat, AMI it Is very dear when q
bushel OF wheat will purchase but
half q dollar.
It makes no difference what the
dollars are. whether Of gold, green
back or wildcat.
What the people most need to pro-
mote general prosperity, is . cheaper
currency, q currency that . certain
amount Of labor or products will
bring more than they now will.
Every year the producers Of this
country are obliged to pay Ia taxes
and interest upon the various forms
Of public, private and corporate in
debtedness, about 81, 200 600. 600,
They must pay It in dollars. The
exact number Of dollars is fixed In
the bond.
Now the burden Of this vast sum
to the people, and the value Of IL to
the fund holders, depends upon the
ualtte of dollars, In comparison with
the value Of commodities, which have
| to be sold to obtain the dollars.
The holders Of these securities will
make almost any sacrifice to control
prices, so as to keep them down to q
point that will give their fixed in.
comes the greatest possible value,
or purchasing power.
Like anything else, the scarcel
money IS, the dearer it Is.
So We see every banker, money
broker, bond and.. d..mortgage holder, il
Inafavor Of scarce and dear money.
They were 1t the bottom Of the
greenback contraction scheme.
They secured the demonetixation
Of silver.
They secured specie resumption
and the gold standard.
They opposed the restoration Of
silver.
They oppose the fractional curren-
cy system.
They oppose the silver certificate
system.
They demand the suspension Of
silver coinage.
They refuse to recognize the sill
yer certificate as money.
They urged the wipiEg out OF the
greenbacks.
They demand the withdrawal oi
all d and q greenbacks.
They want nothing but gold, and q
bank paper currency under their alb
solute control, so they can increase
or diminish It to hold prices 30 low
that their annual incomes will sweep
the entire surplus production Of the
nations toilers.
They oppose government issues
because the government Is more Of
less under the control Of the people
and this control interferes with
their despotism over labor and
prices.
No despot of modern or ancient
times was ever half 80 cruel or un.
relenting toward his subjects. as thi,
banking tyrant Is towards the indus,
tries OF this republic.
At its doors lie the crimes, poverty
wretchedness and degradation OF oul
people.
It Is an enemy to liberty, far wors,
than that which our fathers Tough
seven years to overcome.
It Is more destructive to civiliza
tion than were tho Huns and Yam
dals which over ran the Roman EN-
pire, and moro degrading to religion
and morals than the devil and III
his imps.
Have the people laid down unde
its burdens, and given up In despair
or have they q spark Of manhoo'
left to kindle anew the flres whicl
burned In the hearts Of their revolu
tionary sires?-[Chicago Express.