The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1886-01-21

their interest I'D maintain aid sup
port tie silver they own Wc would
hear no more about it Being dis
honest npn~y. The Seer. tafy say-.
flagt Ii Of MS report. ti,at Tie b4l
afte ~ iilt Treasury Ha- sech III
ereased from lie It'll II Nj ii is-.,.
~ The Isl q. Npyemb 1855, So,
J,5.aU2.1s- y.i There ha~ been no r.
'.eiat, - liz it:.r.s.- hearing debt
ta.ni that /. til only tie1t THAT |, ii
III zen oil the lax PAYERS since No
v.nli"rr. 1854. certainly not since
iarcL, 1886. The monthly reports
NV siJi.up1.tOD 81 ) pr crnt i,und-
n.n outstanding ;nI precisely the
.fn,. ano Ill IL n .vtiutel.
How il tie sur. u ly.r coin -
!, an' u Ill. L. n. S.cie
.iy rsi,t-c- - pay 'ai.t Eth .n'sie-i
.iisd refuses ~ r"ii ID - l9aI>
Which ale how payable?
coSrEAc1Io.: or CURRENCY
There Is NJ nloic ifcc.nal or PEI.
nicious method OF contract ny. thar
BY collecting ny taxation a large sum
in excess VI the needs OF an econom-
ical administered government and
locking it up in the Treasury. Every
dollar necdlessly taken from the tax
payers wrongfully deprives him OF
that much capital which he needs
and labored to obtain, and when it is
locked up. the circulating medium
which I'LL the people want is wrong
fully withheld from them. The thief
rho steals ard sq,tanders an 1tn-
needed surplus locked atI IN the
Treasury rduits acottid i,ttiict less IN
jury on tie country and its business
" the money he stole uds put IN cir
OAiatiOtl, than Secretary ,rho holds
and hides liz rduits currency rhich
the people r1nt, and refuses 10 use ii
10 pay the debts, especially interest
bearing debts, which the men who
own this money owp. II IS easy to
raise a clamor about surplus, but
it will be more difficult 10 explain to
the people why such vast amounts Of
money they have been 50 heavily
taxed TO furnish is lying idle III the
overloaded Treasury vaults, and
they deprived oil its use. while utter
est is running against them on bonds
which can be and ought to he paid.
lhe ia,e money Wien paid Ou' Tor
.nl..,rsl un nt,i9as would ut once be
,el-as. Il and restored to circulation.
Speaking Of circulation, W. are
constantly told that there is now u
great abunualce OF it outstanding;
indeed, VT are officially advised thai
the legal tender notes aud the silver
certificates should ali be Withdrawn
Il presume because OF the superb
bundnncr OF currency. Let us look
for Il few minutes at the effect OF
THESE Recommendations, II carried
ost, and see how far these ctrtifi
:atcs TT. now Used as currency.
1t WIS the avowcd purpose II the
adyDcMes OF both gold ana silver
certificates, and / Was one Ut them. 10
furnish II safe. convenient paper cur
rency. every ,iuilar OF which could pr
used just as the coin pai'i fot /. con.i
b.. and which Would he secured by
the deposit u an equal amour, Of
coin in the Treasury. No better Sc
culity could be asked or given. Il
was not thought desirable TO have
the coin OF either metal exposed to
the risk Of loss or reduction OF value
by the abrasion which necessarily
accompanies its active use. The
transportation Of both was known 10
be dangerous and expensive; all he
expense aud risk, as well as the de.
terioration Of the coin, was avoided
by the use OF the paper substitutes
while the United States were sure tc
be amply compensated for all tht
expenses incurred by vaults, ousI0'
dams, aud every thing else.
Wei mean by We, all the people
received q coin dollar for every pa
pr, dollar issuea. We only pay on
the coin on I'll. paper brought barl
70 our agents. AL, OF i that Is los
or destroyed bv tire, food, or III
thousand accidents, that all iransi
tory things are subject 10, is on
gain. We had experience In opera
tons Of that sort. and knew tina
they were profitable. Forty Nv
millions OF dollars Of fractional cur
rrncy was issued. We afterwar,
called it III for cancellation, and "
now KIN W that Sl5,OOO.OOO, or one
third Of it has been lost or destroyed
We made Sl5,UOO,O 900 out OF that is
snr, as we received full considera
ton for the whole amount issued.
Go be Continued)
Il