The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1891-04-30
Government Loans to Citizens.

lance that demand government loans
ut low rates Of interest OH farm crops
or farms are alternately condemned
and ridiculed by certain men and pa
pers that assume to be conservators
Of the nations policy, morals and
economies. The farmers who make
the demands suggested are called
everything, from cranks to idiots;
their ideas are chimerical, their pro
posals Ttopian, their plans unprece-
denied and altogether impracticable.
The government is not, it is said, a
pawn shop should have no money
to loan at any rate Of interest and if
it had. 2 or per cent is ridiculously
low rate. Such favors as the farmers
demand would be paternalisln gone
to seed, and q species OF class legisla-
ton heretofore undreamed of.
The merits and dement's Of such
loans it is not the intention to discuss
in this article, any further than to
say that in nation like this indus.
trial and business affairs should be 50
adjusted that such extraordinary de-
mands would not be thought of. But
it Is the intention to resent the at
tacks made upon those men who
earnestly believe themselves right
The principle they contend for has
already been adopted by this govern
men1' ana practlced IN q more hoerai
ana paternai spirit than the farmers
ever asked Tor. The government
treatment OF the faclnc railroads. IN
Its magnitude ana iiperail1y not only
Justihes the FARMERS III their dehiahds,
out furnishes all necessary precedents
upon Wnicn 10 predlcate them, IN
ciuding 10" rates OF interest," pawn
snop anu I'LL.
Du' Notwithstanding the Justi1ying
pieoeuen's' Tue iliaiishea FARMERS
possesseu 'oo inuch sense anu patriot-
isi'l' anu LOO niue gan 10 ASK the gov
eiliient 70 uo ior them wnat II ireeiy
u'u ioi tue iai'loaus' ne FARMERS
pioposeu " pu. up coiia'erals' ana
70 pay 'heir ceots az maturity or Tor
lei. 'iie coIia'erais. Inc raiiroaus
were loaned government oonds' with
OUT security, ana the government
suafan.eea Tue ooilds anu the inter-
CO.. VI '.en Loaned money 10 rail-.
foais "'''iou. security ana bound II
sen 70 pay the interest on II! How Is
'na' lot pa'ernalism!
10 the Centrai ana Union Pacific
ROADS nearly S'O'ooO,oOo was loaned,
anu on ina. loan fos'oo4'"o mas Deen
paiu IN interest, III excess OF interest
paiu pack py the ROADS. NOW the
government mus Itself without any
security It's ciaiihs are secondary to
huge nrst mortgages ana attempts
are peihe nade TO compromise the
AFFAIR." Dut' OF course, IN q way to
WORK no loss or inconvenience to the
raliroad owners, VINO nave made coios-
sal fortunes out VI the same KIND OF
pa'erhalism winch they ana their
ssinpa''i'Zers SO rouhdiy denounce
"nen in'ohea py FARMERS.
IL nv" proposea 70 se'.ie " WITH
tue = l.ioa iacuic ny eA'ehoihe the
.iile VI pas ineh' W ioV years Win
interest," ~ - per cen. ior " years.
anu - per zen. thereafter. Inc Gen.
'i"' aciic W pe srah1eu the same
eA'en.ion' with interest NJ per cent
lor Tue nrs' ~ years. ana per cent
''ieei'e'' Inc government OF
oouise' " continue paying interest
oli ,'s own ooiius' OF 70 reoeeM them
WIN .ons 'aAen iiom p'o"u''i'e
s
nno'n.' As.anoe - so'e'nnen'n'
pa.' '. s 'n6
n''uu. 'iie'ii 'iie ioiesoins' ""e - VIC
iouiuils VI na.ionai paiiAs. Inter
CO.. Fearing oonus were soau " ci.l-
1ens a. paf' " per ecu. VI Tue money
palu was returned 70 Tue ci'i@ehs 70
We ioaneu ~ .iei' less ior'ulla'e lei
'o"s ., 'ne nsnes' ou'aliaoie in'er-
ee'' aAuiiui1us VI laiiiions were pa
'einahs oes'o"eu upon oa'lAers' anu
VIC 'a''ei were never reseioeo as
'iaiAe =. VI 'o'o's ,or accepting tue ID.
'oi. na' sucil pa'eriiallsn anu
epe'iai piisi'eses nave "iousn. IRE
l1' ~ ~ " 'ne uus'' 40. a'u
BUSINESSES 'oies.e " INC
o % -, :, anu .'". 'n'
Spos'D'o III 'ne pieocn' oon-
farmers is unquestionably true.
r. .. . n. does not FAVOR an en-
isin' a CROWN OF sucn special PRIV