The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1890-01-02
what Ais tho Times. Y

The POstville Review propounds
this conundrum to itself and makes
the most pitiful answer imaginable.
Pools, combinations and trusts
control and regulate the prices, bid
ding defiance to the laws Of supply
and demand.
The Big Four regulate and fix the
price OH beef. and Old Hutch or some
other reprobate fixes the price Of
wheat, corn and other cereals, re-
gardless Of the supply
With the close of November corn
spectators in Chicago got up corner
that advanced the price in one hour
from 33 to 60 cents, and not one OF
the scoundrels in the combination
had bushel of corn in sight. 1t was
simply one OF Blaine's private af-
fairs with which the government
had no right to interfere, and the Re-
view yenefatss Blaine above the Son
of Man.
Glass legislation has put almost the
entire burden Of the public debt and
the expenses OF the government upon
the laborers and producers OF the
country, exempting from taxation
the securities and money of the opu-
lent. The poor do not ask special
legislation in their interest but that
the law which discriminates against
them be wiped from the statute
books.
Money, which congress is granted
the exclusive privilege Of creating
for the people, it only creates for the
corporations or to hide away in the
vaults OF the treasury.
By limiting the dollars in circula,
ton, each dollar is made more valu
able and more difficult to obtain. The
man who needs to buy dollar nov
must have five bushels of corn, two
bushels Of wheat or nearly eigh'
bushels OF oats to buy one of thes,
sinners. Probably one million of la
boring men are non-consumers o
beef and yet the price on foot is blu
&1.50 per cwr. The overproductiol
that exists is, there are too man.
who are unable to buy and pay TO
our cheap food and clothing becaus
class legislation has given to O few
what Of right belonged to the many
Class laws provided for refundinI
the public debt into long time. inter
est-bearing, non-taxable bonds solel
IN the interest OF the National Banks
with full knowledge that the pub
lie revenues drawn from the produc
ing classes by an unjust system o
taxes would be adequate to their full
payment long before the time o
their maturity after refunding,
Glass legislation authorizes nationa
bankers to receive SO per cent. of tn
face Of these bonds in national banl
notes exempt likewise from taxation
Class legislation has given thes
bankers the free use Of nearly $50,
1000 for the past year forced from
the producers Of the country by un
just tariff laws.
The Secretary Of the Treasury il
the report to the present congress, OF
page lxxiy, reports the surplus o
these banks from the opportunitie
given them through these class law
as *19., 1894. 761, with undivided profit
of ss4-S6G,s 500.
Perhaps the Review does not kno,
what this means. 1t is simply this
the law requires these institutions t
set aside 10 per cent of their net profit
as surplus. They have been in ex
istence less than q years, and tel
per cent of their profits is $197, 1914, ~
and their entire profits are ten time
that sum, or $l.973,947,6 $40. This is tn
burden they have put upon the pro
ducing classes, and have rendered
no service that could not have bee
as we'll rendered by the government,
And in the presence OF these fact
the editor of the Review has the az
surance to say that law cannot max
men rich, when 1t has done SO to til
stockholders OF more than 5000 ma
tional banks, at the same time crea,
ing nearly two million paupers.
s~~1ssnzs~s-z.~..0
For restoring the color, thicse.tia,