The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1886-01-07
THE DEMO l.aTlC TEAcHiN.
OF JEFFERSON AND JACK
.ia Has y, EXPONENT
IN mi. L. >. SEN
ATE!!
SENATOR BECk'S CIR EA i
SPEECH IN THE SENATE.
Kentucky. the Geographical Center.
Ilcar;: from at Last-Law-BIcak-
ing officials Exposed-A Bomb
Shell in the Ranks Of the enemy.
The Greatest Silver Greenback
Speech Ever Delivered in the
Senate the Lookup Contraction
Schemes Riddlcd.

Senate the Lookup IOntractIOI
Schemes Riddlcd.
SENATOR BECK.
The Senate considered the follow
ing resolution, submitted ny Mr.
Beck OH the 18th inst:
Whereas the laws Of the T.. $. requires that
all duties on imported goods shan be paid III
coin: and :,
Revised statutes that ..rhc coin paid Tor duties
on imported goods shall bc SCI apart - spcsi ~
the naymcnt. i'll coin. or the interest on the
bonds and notes Of the L. s.; second. TO the
p,rchas. or payment oil per cent 9! inc en-
fiscal year. which is to he set aside as sinhinG
fund. and the interest Of which shall ~ Ike
manner be applied 10 the purchase or pasin.ah IN
uf the public debt. rs the Secretary OF inc
Treasury SHALL from time to time. direct: third
the residue TO he paid into the Treasury;
RESOLVED. That the Committee on Finance
stated now are. or have heretofore, been obey
"a: and il they have not. 10 report by Dill or
otherwise such measures as will secure their
enforcement.
MIR. BECK. Mr.. President, no man
will deny that the laws passed by
Congress are as imperative on the
highest executive officials Us on the
humblest citizen, whether they APP
prove them or not. | venture to as
sert that no man will contend that
the laws recited in the preamble to
the foregoing resolution either are
now or have for many years past
been obeyed. Many excuses may be
and have been offered for their vlo-
lation, still the fact remains that the
laws Of the land have been disregard.
I'd by our executive officers, anu III.
legislative power has been snbordl-
mated to the will Of men whose duty
T it is to submit to them and TO execute
them as they exist. They have no
right TO decide whether law Is good
or bad, polite or impolitic; so long
as it is law they must be compelled
to render implicit obedience to 1t.
They have officially informed Con
gress for years past that they Meth
er require coin to be paid for duties
on imported goods, nor do they set
apart the coin OF its equivalent so
received as Il special fund to pay the
| the interest on our public debt, or n
procure bonds for the sinking fund.
On the contrary, they admit that az
the existing laws do not coincide
with their views OF what ID polite
they disregard them. deny their
right to do SO, because l believe
many OF the evils the country Is nov
afflicted with. grow out Ut the disre
gard OF the pianist provisions d
law by our Treasury officials. | have
no faith In the remedies which are
now and have for past years beer
proposed for the evils they allege K
exist. That the country il not a.
prosperous as it ought to be l admit
but / insist that the remedy is not Il
!, be found in striking down ourselves
coinage. or the currency based upo,
Lii, but rather in requiring Our publ,
creditors to take it as the law ant
the contracts they required Us t.
make, demand.
| believe that ii can be demonstrat
ed that the gold and silver coin. ans
the paper representatives OF both
stand on an absolut. equality befor,
the law, and that three-fourths q
our present troubles grow out OF til,
refusal OF our officials 10 pay tn,
the money received ut our custom
houses to our public creditors In tn
manner and for the purposes pre-
SER bed by the laws OF the L. $.
BOND HOLDERS WANT HIGH PREMIUMS
i These great interests are the IN
organized, unequipped, and therefor
neglected militia, whose strength
canno, be brought to bear with hal
the efficiency OF a single regiment Q
thoroughly armed veterans, fighting
for special interests. This Is illus
trated here and now by the zeal ev
erywhere displayed by the conbina
tians OF bankers and bondholdcr
and their able and well.paid pres
to maintain their bonds ut u premi
nm Of - per cent. or rather IT, In
crease that premium to DC or 40 pc
cent. III the expense OF the ulreni.
impoverished masses Of taxpayers
], 1t seems as though II was thought t
be the duty ct Congress to see TO
that the rich should be made richie
by making the poor poorer. VIII
should we be In hot haste to strik
down our silver currency for fear
I fall In our outstanding bonds be
! low - per cent. premium? Hav
the representatives OF the peopl
any interest in maintaining, far les
!. i'm increasing the premium on bond
bearing per cent. in,eres. beyon
! 81 per cent. when We must soon be
, come the purchasers OF them at an
premium. or else contract our cui
rency ut ruinous rates by locking a
! in the Treasury all our surplus rev
. enue9
, The present crusade against sllve
Is only another evidence Of the al
dacitv of the organizations OF wealth
they have always scared nll the
demanded, however unjust their dc
mands; they have succeeded |
alarming the President and the Sec
rotary OF the Treasury rs they hay
done several preceding administra
tions; they threaten to use the powe
which our laws give them over tn
currency, OF withdrawing from Gil
culation among the people and
need be, from tho country the gol
; they control, and thus derange, eve
, il ruin follows. tho business OF tn
people. Every concession increase
their audacity and adds to thei
power. A stand must he made soMe
where by the representatives OF tn
! tax PAYERS, or un absolute surren
der OF the monetary Interests OF tn
country into their hands must fol
low.
THE BLACK RECORD OF THE PAST.
4 mere reference to the past leEis
lation Of Congress on this subJec
proves what l say. When 1t wa
first asserted in 1865, by the bond
holders, as the time appronche'
when the L. 5. could lawfully pay OF
the ) 900 per cent. bonds. and whe