The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1890-05-29
ARE YOU SEEKING TRUTH.

ARE YOU SEEKING TRUTH.
Men who have been manipulating
the financial policy Of the country
against the people are not truth
seekers. Their mercenary interests
are in the opposite direction; but the
masses need the truth on all subjects
especially the financial problem
which is not difficult to understand.
John H. Sherry, In National View,
makes the subject plain enough for
any man to comprehend it. He says:
1.-THE Con gress shall have power
to coin money and regulate the
value thereof says our constitution.
The word ''coin" clearly means to
provide and stamp the imprint Of the
nations authority on some material
for money. The material that con-
gress should select for that purpose is
not 50 much as limited at In the con-
stitution.
I The value Of our money should be
regulated that is, kept regular
and uniform, 60 that when a man
buys horse and gives his note for
500 for it, payable one year after
date, both parties, payor and payee,
can tell at the time Of the contract,
about how much labor or property it
will take to pay that note. The law
OF contracts conteIDplates this agree
ment of minds as to the result, and
until the value Of money has been
regulated all our laws for the col
lection Of debts, payable in money,
will be-as they have been In the
pasta fraud, a sham and q swindle
Instead, however, OF coming mon-
ey for this great people, and regulat-
ing the value thereof, congress has,
during our first century, provided
but an infinitesilnal Of the money
needed to properly carry on the bus
mess Of the country, and has permit
ted and even assumed to authorize a
lot Of fakirs to issue their bank notes
to supply the deficiency. THE plan
they borrowed from the monal chies
Of Europe, and here, as well as there,
it has resulted in producing crop Of
millionaires and millions OF impover-
ished toilers.
Congress has never yet attempted
to regulate the value of money,
but has left that power wholly to
sharks, trusts and combines.
Value is q relative term, and the
value Of money like the value Of ey-
erything else can only be regulated
by regulating the volume. No power
Of government is more important to
all the people than that Of regulating |
the value of our money; and yet con-
gress has from the very beginning Of
the government abandoned this great |
power and prerogative, and we have
CROPPED along on tho European plan
have attempted to run q republic
on the money system OF monarchy.
How shall we regulate the value
Of money! On what basisy Clearly
not on the value or prices OF proper
ty ad infinitum. The best plan have
ever heard suggested is per capita
basis, say 80 per head to the popula-
tion Of the entire country. As the
population increases let this volume
be increased SO AZ to permanently
maintain this per capita. How
would you put it in circulationy'
First. Pay the SCARED old soldier
the back pay due hin--the differ
ence between the 1OO-cent dollar of
his contract and the 38-ceLt script |
dollar in which he Was paid.
Second. Make the thousand and
one internal improvements. Build a
navy and coast defenses, dismiss q
part Of the revenue taxes-there's no
trouble Of finding plenty Of ways to
put it in circulation.
But how would you redeem it!''
My idiotic friend, please let up on
that stale chestnut OF ''redeeming"
money. The nations full legal tend
er money has committed no sin that |
requires the services Of . redeelner.
Since greenbacks have been accept
ed for duties on imports, has any
body ever thought Of having green |
back bill ''redeemeds'' Are they not |
our best money? Are they not the
best money this country ever hadY
Suppose, FOR q starter" that con-
gress should pay on the balance Of
the bonded debt with new issue Of
full legal tender greenbacks, not
promises to pay dollars, but absolute |
dollars, and should retire the bank
notes and let the bankers get at some |
legitimate business, and outlaw any
future issue OF bank notes just as
counterfeiting is now 0utlawed, and
for the same reason, and increase the
issue Of greenbacks up to $5Oper cap
ita of our population. would not that