The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1885-12-10

sign Of congress on this subject have made
careful and earnest endeavor since the adj
tournament OF the last Congress. To this end
i Delegated q gentleman vel Instructed In
nscaI science to proceed TO the financial CEN
tiers OF Europe and in conjunction with our
ministers to England. France and Germany
TO obtain q full knowledge Of the attitude
aud intent Of these governments in respect 70
the establishment Of such ain international
ratio A. would procure free coinage 81 both
metals at the minis of those countries and
our own. by my direction our consul general
nj Paris has given close attention to the pro-
ceedIngs OF the congress OF the Latin Union
In order to Indicate our interest In it,
object, aud report Its action.
u may be said 10 brief,
as the result OF these efforts, that the attitude
Of the leading powers remains substantially
unchanged since the monetary conference OF
1851. nor Is to be questioned that the views Of
these governments are for iiotance sup
ported by the weight of public
fore. only more fully demonstrated the use
leseness OF further attempts 1t present to
arrive at any argument on the subject with
other nations. In the meantime
We ARE AccUMULATIS0 SILVER COIN.
based upon our own peculiar ratio, to such
an extent and assuming SO heavy . burden TO
tons. - will render US an undesirable party
TO any future monetary conference OF No
tons.
It IL . Significant fact that four OF the i've
countries composing the Latin union mem
TONED In our coinage act, embarrassed with
their silver currency. have just completed an
agreement among themselves that no more
silver shall be coined by their respective gov
crnments, and that such IS has been already
coined and 10 circulation shall be redeemed
In urrsl3 hot h. SNR
resort TO this expedient by these countries
may well arrest the attention Of those who
supposed that we can succeed without shock
or injury Ia the attempt to circulate upon its
merits all the silver We may coin under
the provisions Of our silver coinage act.
The condition in which our treasury may be
placed BY persistence 10 our present course
A NATTER or CONCERN
to everv patriotic citizen who does not desire
his government to pay IN silver such Of its
obligations rs should be paid in gold. Nor
should our condition be such 40 70 Obllge ",
IN = prudent management Of our a6airs, to
discontinue the calling In and payment Of in
terest-bearing obligations which we have the
right now to discharge and thus avoid the
payment Of further interest thereon.
The so-caled debtor class. for
whose benefit the continued compulsory
coinage of silver is insisted upon, ARE not dis
honest. because they are in debt and they
should not be suspected Of q desire to jeop-
ardize the financial safety Of the country In
order that they may cancel their present
debts by paying the same in deprecated dol
lars, nor should II be forgotten that II IL not
the rich nor the money-ender alone that
must submit to such REIMBURSEMENT, forced
~ the government and their debtors. The
pittance of
THE WIDOW AND THE ORPHAN
and the incomes of helpless berefcaries Of
hQ n az Al Tl,n
depositOrs In savings banks and in other
institutions which held In trust the savings
OF the poor. when their little accommodations
are scaled down to meet the new order Of
things. would In til ir distress painfully real
lie the delu sion Of the promise made to them,
that plentiful money would improve their
condition. We have now on hand all the Gil
yer dollars necessary to supply the present
needs or the people and to satisfy those who
from sentiment wish to see them In circula-
ton, and II their coinage 10 suspended they
can be readily obtained by all who desire
them, II the need OF more Is ut any time APP
parent their coinage may be renewed.
That disaster has not already overtaken ~
furnishes no proof that danger does not wait
upon continuation OF the present silver
coinage. We have been saved BY
THE MOST CAREFUL MANAGEMENT
and unusual expedients. by . combination Of
fortunate conditions and by o confident ex-
pectation that the commerce of the govern.
mtnt In regard TO silver coinage would 30
speedily changed by action OF congress. Pros
perity hestates upon our threshold. because
OF the dangers and uncertainties surrounding
this question. Capital timidly shrinks from
trade and investors are unwilling 20 take tine
chance Of the questionable shape ID which
their money will be returned 70
them. while enterprise halts Ct . risk
against which care and sagacious manage
ment do not protect. As necessary c0nse-
Quence labor lacks employment, and suffering
and distress are visited upon q portion OF our
fellow citizens especially entitled to the care
full consideration OF those charged with the
duties of legislation. No interest appeals to
US more strongly for . safe and stable cur.
rency than the army Of the employed. REQ
ommend the suspension OF the compulsory
coinage Of silver dollars, directed By the law
passed in February, 1878.