The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1886-01-21
The Greatest Silver Greenback
Speech Ever Delivered In the
Senate the Lookup Contraction
Schemes Riddled.
SENATOR BE OK.

LAw.BKEAkISG TREASURY OFFICIALS AND
BANK cuNspIRATORs.
No Secretary Of the Treasury can
mistake his duty under the law; no
pubic creditor can complain when
lie interest On his bold is paid III
coin which is set apart AS special
fund, first Tor the payment OF the liz
terest due to him. Yet millions,
hundreds OF millions, have beeh
paid for duties Oh imported goods
since 1878 in silver coin and silver
certificates, which il only u couven-
lent form Of handling silver, Us the
coin they represent Is ours when the
certificates are paid to US; yet not
one dollar, 80 FIJI ~ / am advised,
has eyer been 1aid III silver Us inter
ST III, tue l,tn,ir .tbl VI IL tie !,,l-
cnas,. III il siagie Donu Tor tue si.N
in. loud, though 1t mas been lccoS-
,azcu as Il cuin which constituted III
special fund created by law by its
acceptance in payment OF duties %
imported goods. The public credi-
tor. have unjuS:ly demanded gold
for interest on their bonds without
any scmblance Of right. aud every
Secretary Of the Treasury has dis
regarded the law and aeceded 10
their demands. Our officials hdvr
thus aided and abetted the orydtiiz-
alton Ut me most powerful boay II
capitalists Ia The Uhitcd States
against silver coinage. iiien SAu cum
ltroi tie culr.lacy ii The country and
| hold tie oil, gallons Il all its busl
urs, .u.r.egHs: net WHO can initiate
or contract tnc circulating medium
~ which all our commercial trails
actions depend; men who hold Ss31.
742.S $50 of bonds OF the United States
maturing in 1907, on which they now
demand 4 premium OF - per cent.
aud seek by striking down silver,
still further to increase their prem
liumS.
They hold also $3.50, 100000 Of our
bonds payable in 1892, which they
sch to enhance The value OF even
hey MI the II per cent. premium
they now command. These men
lcontrol boards Of trade, chambers Of
commerce, aud the best talent OF til.
Ipress: they can crush all who are In
debt il they dare to dissent from Of
Iobiect to the demands they make;
the reports OF their conventions and
lSpeeche5 are laid before us with u
parade and semblance OF authority
equal to the report of the Secretary
o. the Treasury or the message d
the President.
shall not be surprised it they
dominate this congress, but 1t will b,
after I have entered my profess
against it and have given to tn,
country my reasons for SO protest
ling.
II the managers OF the finances .
France had treated her silver coin
age as our officials have ours sh'
would have been Frustrated, tinan
cially, at the i-et OF England an
Germany long ago.
Vii. nave the holders OF the dis
, honored trade dollar hcem Emporium
ng Congress for years to give then
iu exchange for 1t u standard dolla
containing 4l21 grains, while it con
tains 42O? Simply because one is
5 legal tender and will pay the debt
). OF its owner, ana the other will moi
Yet tested by the bullion value til
trade dollar is worth the most. Whel
,ur Treasury officials yielded to tn
clamor OF the bondhOlders aud vic
la,ed the law by admitting thei
lliyht To refuse silver received 1T til
custom house il payment IT the in
terrst or principal OF their bonds
.n-y degraded our standard sllv..
j dollar by dep, ivins it Of its most i'm
/, pultan, functions AS legal tender
ana now, hali,4g cdPturel the erec
.ttice branch OF the government. tn
8 bondnolders and their attorneys III
i b.seiging Congress. to enforce thei
/, demand for gold alon" in the setti.
:. ment II their claims, all law, jnstic
aud equity, to the contrary noLwlth
7 standing, by striking down the silve
{ OF the standard value OF July, 1915
i which they then demanded and III
:, serted in the face OF every bond the
hold as one of the coins IN which q.
bonds should be- paid. Ii Is hat,l I
do justice to their as.aaslty III ten
G perate language: | i.aidiy think
5 am equal 10 the TASK, Anu will NJ
|. attempt i. i can however, get III
Iacts before the people.
The last report of rhe Treasures
y e. 81, shows that the receipts 4
5 he New York custom house for til
\ fiscal year 1855, We're paid as 10
!. lows:
U. S. legal tender notes. s36. 16l ,O0'
: or $50 per cent.
: y. S. gold coin. .......... l,54l ,OO
!. or ID per cent.
!, u. $. gold certlticates.... 42,779,OO
or 81 l per cent.
. u. 5. silver certificates. 4i,66O,O
e or 81 per cent.
/. U. s. si.y~f coin -. ..... lo0,OO
olul pei cen,.
Total. ............. SlIo,.Oz,OU
or tO1 pei cent.
1t Is fair to assume that the pa,
lnents at the other custOm-hou
w.re made In substantial y q e q
T character OF money. II will be oil
IS served that more II thu custom
!. dues were paid In silver and silv'
certificates than We're paid in go
: and gold certificates; all Of 1t by la
u tn h.A T.