The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1885-10-01
Stating the Issues.

Issues an address 10 the Republicans
through the Cresco Times In which
/ he says:
THE Democratic party said be
for election last year that we were
keeping over four hundred million!
Of money lying idle i'm the treasury
that was net needed there and
should be in circulation
And what did the secretary Of tho
treasury say when this charge wai
preferred against the Republican
party in 1884. This: Cash in thu
treasury s4s7, 573,ssl.'
And in stead Of saying since tha'
there was only s1s,OOO,OO0 in thu
treasury every monthly statemcn,
made by the treasury department
since the present administration
came into power shows over four hun
dred millions in the treasury, the
statement for September first
showing the sum to be S523, 244.7 24.
This disposes OF the false state
mcnt charged. Now will Mr.. Kellow
tell the people Of the necessity OF
keeping this money idle in the
treasury?
The people will do we'll to remem-
Der that there has been no session
OF Congress since the present adj
ministration came into power; that
this piliRg up Of the money which
should be in circulation is in pur-
suance OF republican law, and that
more prosperous times cannot come
to labor, than it now has until such
time as money, the tool and hand
maid Of labor is more plentiful than
now. The government loans money
to the National Banks at one per
cent interest; instead OF using
it to stimulate the industries OF the
country, they lock it up to de-
press prices, compelling the man
who has debt to pay to sell twice
as much at least Of the products OF
his labor as he ought therefor.
The total estimated money in the
U. s. is l.5OO,OOO,OOO
OF this the Sec'y Of
the Treasury locks up 523,244,724
Henry Clews & Go. in
their Sept. circular
say the banks OF n. Y.
have locked up over 2oo,Ooo,0OO
Boston banks 100000
Philadelphia banks 1OO,OOO,OOO
They estimate all
other banks SOC, 900
fetal in banks 7OO,OOO,OOO
In banks and treasury sl,223,244,724
Leaving for the people 276,755,276
When Congress shall refuse to do
the following things demanded by
Our Country and its people and the
administration shall refuse to see
them carried out, will be time
enough to rail against the admin
istraton for the continuation Of the
hard times which came solely from
bad Republican laws.
First Use the idle money in the
Treasury to pay off the bonds now
due and stop six to seven millions
OF interest!
Second-Inaugurate vast system
OF public works, thus giving employ
ment to labor at good wages! Plen-
ty OF things need to be done, and
this is the time, when labor is un-
employed and iron, coal, timber and
all material is cheap.
Third-Recall the loans from the
banks of three hundred millions now
held by them at one per cent and
lend the money to the farmers, me-
chanics, manufacturers and others
who are in debt, and thus enable
them to save their homes and prop
erty from forced sales. Congress
has loaned three hundred millions
to the bankers at one per cent inter-
est for the last twenty years past.
Now lend this sum to the people at
the same interest for the next twen-
ty years. Do this and relief will
come and the people will breath
freely again.