The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1885-10-22

U.s. - .5&A ~ la H8t1tl soLaI1S IIDIf
gold .aa9 il ever contained, and q
lafatf Fl -. VI gold than any ma
tic " tn u Y Il tie world ever had.
1T W. ~ tIle silver dollar would
not Al ~. Int il mas. Il has
BIZ nsfnS.. mi x.ii bug iusi
- ,a ~ Il go.a collar will
btt. ..s s Il TIA. i. vas 4 buzzard
Ga. !. .f...t Eite nation was repudi.
attn l,.5aat.ons to force i. upon its
CT lie silver dollar was the
ms sailie, afd the t.ollar Of the
c. re. s'. every 'oi.ar OF our ma
tipsa8 On ractcd, and the
e. i atsasl.si. payment Of his
10 a.Ir letter dollar i. himself
disia III.
The f1rs-tlng s atements have often
bftA anad.. as.t never refuted. Wall
stre.f knows - we'll as the Western
Rural that they are true. It knows
that every argument they have, or dare
to put forth publicly in Justification OF
their nefarions scheme, il false pre-
tense, and rusc 10 close the public
eye to the real, Enderl, ing object Of
their deyiI;sh conspiracy.
The real question, which lies at the
bottom Of tile whole movement, but
which Wall street dare not proclaim to
the public, is question of having a
larger or smaller volume Of currency.
The Irish l!or'd very truly remarks:
Il. is well known that the admins
trati6n at Washington. acting in tho
interest OF the Ia king fraternity, is
doing all it can to aiseredis silver.
The latest move i has made III this di-
rection is the Withdrawn. cf the 81 and
81 notes IL order 10 force the silver dol
lars into circulation in the hope that
they will become 30 unpopular that o
general demand will be made for the
steppaee Of Their coinage.
The banking fraternity ire opposed
to silver ies atise ! cir, iiiatien affects
TIL purchasing power 81 gold, OF which
they have 4 -. i'll asonopolv Any
one at all &C .nal.tea With the money
question knows lat til rice Of labor
and property u. aii Kinds Is regulated
by the volume III currency. III that
volume is lmir. i I'll. dollars, whether it
be made Of geld. ilYsr, or paper, will
purchase much more than il would il
the volume Of currency were large.
1T can he readily seen how tho
bankers will lac benefited If the coin
age of silver is stopped. The gold
they hold viii Immediately appreciate
III value. In other words, they will re-
ceiye free gift If 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
Ia fa,. t94n 1.& 4,
have to part with moe OF the products
of his labor TO lit.u;latc his debt ii
silver i demonesi ed than he would
have to part it'll j: It continued to
circulate
The double Standard or gold and
silver money, had existed from the
earliest dawn OF history, from the time
Abraham bought burial place for his
wife with loo shekels OF silver, until
the nineteenth century, when the Shy
locks OF Europe demanded the demon
citation of one of tue metals, not on
account Of its quality. Int in order to
contract the quantity Of money, in or
der that their itl,.aei inter. st-l earring
holdings might hecou.c inore valuable
through the fall OF go"r.l prices.
Here is the proof:
In 1857, il lis work Fall OF Gold"
Cheyaiier said
The quantity or gold annually thrown on
the general narke approaches, IN round
numbers. a mi.iard francs s.aa.000U0
For long series os years California aud
Australia must produce suoh quantities Us
to render a marked deelge in its value in.
evitabc.
II is absolutely certain that production
Do vast should be accompanied with great
reduction IN IS value.
In no direct on tan / lev outlet be seen
sufficiently large To absorb the extraordinary
production OF gold, 80 rs to prevent full
In its value.
Unless. then, 1--WE ros ess very robust
faith in tine itnla. i,8s. of human affairs
We must regard she I'll IN Ike Va u Of gold
rs an event for masch We should prepare
without loss OF time.
Under this and similar appeals from
different parts OF Europe by the money
and credi or class, who saw. in the near
future, their coin and their securities
depreciating in value relatively as the
poor mans i.tior and the producers
wealth increased through the increased
volume OF money. Germany, Austria,
and several other countries demon
etizsd gold.
IN this subject the Congressional
Monetary Can'ai@sion SAYS.
'siae Esoytn.tt.; Il :@fepe fer tn general
deasanesigat al 81 sd Msttii hase become
general, Nat Ill - f.sistaa e q. france It
was changed III 1 nsc il .so.eisn ii; ior the
decentralization a. s.ls Y.
= III This eli iss,e ,resa ,.e.4 oaetilIns gold
10 demaneiitin. ~ - Ma more o. form
thaa 81 s;llsianc. Ia o.. &. aimed n by
both WIS i .st.se ono oil the money me. als,
a. .9ats4t y efSitsErt8 and those having
frc W. against = fall in the value of
money. aud a ,'.s u pfftt prices III labor
dad rraf tg@n.
The commission adds:
"Tn i the riti ant marrow of tho mon-
etary Il ,scnssicns o. III past twenty years.
In nil the european discussions after Isis,
and prior To the German demoneti alton
OF silver anu lis consequences, the point
mace MAS not tt.at either metal had depreci-
atei ~ it,ia IL u t.ler. but that by reason
OF tao extraordinary supplies of gold from
Cali oriia ani Australia about 1866, and by
new supplies p silver from Neveda, both
metals had deprecated I { II - IL tttb IL and
COMMIT aud titat kiu2S. princes ana of
flee no defs. tia ing #4ta is.ga.acs and the
creditor c!ass. hasiag eFI ttiastiss, were
lc ne injured By q f'se n tie a. lie Of labor
an ia t{s s..
The o.itcial resume OF the doings Of
the European Monetary Commission
contains the following. ...tt..r citing
the increase G. 6. general arices. and the
corresponding diminut on i'll the Value
oil money as compared to property by
al increased volume oil coin from SSe,-
Upa. an To s-JA.s 40 80:
ut is impossible to estimate exactly
what the dilninetioa i, but whatever it
may be, it demands the attention Oi
Governments, because it affects unfa-
vorabiy all that portion Of the popul.:-
ton Mi.ose income interest remaining
| nomiaatiy the 81 q. afl,,.s. aoes Il year