The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1890-12-25
Slush from Tama Jim Wilson Agri'
cultural Department.

Slush from Tama Jim Wilson's Agri-
cultural Department.
/. .When farmers in their organ
lied form pass resolutions i should
only be after mature deliberation.
The National Grange fayors 'loaning
money to the people on lands or 9TH
er good securities
q Where will it be got. The gov
eminent can only get money by du-
ties OH external and internal CON-
lnerce. That il all needed to run the
government and pay pensions.
g. More money can be had by ex-
tending taxation on internal CON-
lmerce. but the people generally
would not consent TO it. No party III
charge of federal affairs dare do that.
4. The South American republic
borrowed money on land and now
can not pay the interest on the loans.
5. Our government should do moth
ing for the people that they can do
for themselves. LIZ we were to have
permanent surplus that might be
loaned to the people, but the repeal
of the sugar income will excuse sur
plus in the future
g. Besides. il money were loaned
below current rates everybody would
want ii. and that would mean shift
ing OF creditors SO extensive that the
government would do all the bust
ness now done by the owners Of all
the cash capital in the nation. What
is the use Of making people laugh at
%ha ~y;lInasS If oh Revolutionary
:. All the farmer wants is equality
under the laws, punishment OF com
mercial plunderers and true inforua-
ton regarding what is growing and
moving"
We have divided this into para
graphs for the purpose of replying
thereto.
/. 1t would seem that after having
had twenty-five or more years OF the
peculiar legislation Of the Republic
can party. solely in the interest Of
an organized band Of robbers, that
the farmers have had abundant time
for mature deliberation and are pas
sing their res olutions wisely.
2. The constitution authorizes the
government to create money and the
Supreme Court has affirmed its right
to make it in peace or war, from any
material it may designate. In adopt
ing our present constitution the
states surrendered the right to create
money TO the federal government.
Before that each state had created
the currency that made its prosperity
in the the creation Of things useful.
The question is not whether We shall
have coin instead of paper money,
but shall the government or the
corporations issue it? Even Ricardo,
the high priest of the bullionists, the
father Of the present British system,
says:
"A regulated paper currency is SO
great an improvement in commerce
that should greatly regret if preju-
dice should induce Us to return to q
system of less utility. The introduce
ion of precious metals for the pur-
pose Of money may with truth, be
considered as one of the most import
ant steps toward the improvement of
commerce and the arts OF civilized
life. But ii il no less true that, with
the advancement of knowledge ard
science. We discover that it would be
another Improvement to Danish them
again from the employment to which,
during the less enlightened period.
they had been SO advantageously
applied
The exclusive power over creating
and issuing money was confided to
the Congress to be used for the peo-
pie and not to be surrendered to the
banks for their exclusive use and
benefit. Currency being the tool OF
exchange, a labor-saving implement,
should superceie credit and barter
for the same reason that an axe
should be used in telling trees instead
of gnawing down as the beaver does
with our teeth.
3. The result of the recent elect
ion demonstrates the unwillingness
of the people to extend taxation,
and that the followers of Mckinley
dare do it, and Tama Jim justifies it
though in the interest of the rich an1
to the detriment of labor.
4. The South American republics
nor any other governments should
borrow what they are established tt
create. Had they issued a full lega
tender money they would have had
lnn -l,sa 1s 70 int
e. The people are prohibited from
coming money, even though they
make i, Of legal weight and
standard finene4se hence the govern
ment making it for them, is simpl,
exercising one Of the sovereign power,
conferred on it exclusively. WheI
created if the government has M
other methods Of getting it in circu
lation, to prevent a surplus, loan il
TO the people.
9. All yes. should the government
loan to the people ai less than Shy
locks rates, the government YOU'D
do all the money loaning business a.
it does all the mail carrying bushes,
to the DE nefit of the public, and onl,
to tie detl iment of the express com
panies, as its loans WOULD be to the
detriment OF those who reap where
they have not sown.
7. And when the farmer has equal.
ity under the laws, he will be enab
Jed to obtain money from his govern
ment upon as favorable terms as the
money lender does, upon rs COCO
security.
The rate of increase of wealth ir
aggregate, as the pr oduct OF labor il
the United States, does not exceed
three per cent. The average rate o.
interest taken Is at least ten Der cent