The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1891-12-31

The hEMEDN, AND ITS APPLICATIONS.
Before proceeding to the considera.
ton of the means by which these nee
essary measures can be carried into
effect, the purposes of this paper re.
quire brief reference to those agen.
cies to which we naturally look for
relief. The writer, although for near.
ly IS years a faithful member of one
of the two great political parties
which periodically battle for suprem.
acy under our government, is reluct.
antly forced to the conclusion that nc
relief is possible through the instru.
mentality of either; the financial
policy Of both being dictated by that
numerically small, bnt infiuentially
great class whose interests, as we
have seen, SO vitality antagonize those
of the producing classes and the mas.
SEES of the people. The practical poll
ticians who shape the policies of these
parties, and who alone are benefited
by party success, not daring to antag.
onize the powerful lnoneyed interests
SO largely represented in both. A
glance at the manner in which the
Treasury Department of Government
has been managed under the admins.
trations of Presidents Arthur. Cleve.
land and Harrison. respectively, re.
veals the methodical unanimity with
which the interests of the moneyed
capitalists are served by both parties.
The present law governing the coin
age Of silver. requires a compulsory
coinage Of two million dollars per
month, but gives the Secretary of the
Treasury discretionary power to in
crease the coinage to four millions
per month il he shall deem it advisa-
BILE. Notwithstanding this continued
opportunity, under the present law
which was enacted in 1s1S-to in
crease the volume of money to the ex-
tent of an additional "A millions an
nually, the uniform policy of these
administrations, two Republican and
one democrat, has been to restrict
the coinage to the minimum amount
permitted by law!
The great financiers of the world
know that to double the present vol
ume of money would reduce the value
of their peculiar form of riches ONE
HALF; and that to permit the people
through their legislative bodies to
provide themselves with q sufficient
supply Of money-as they now pro-
vide themselves with an insufficient
supply-would result in wrestling from
their grasp the MYSTIC sCEpTER-i. e.,
EXCESSIVE INTEREST, with which
those who labor are ruled. knowing
that money is simply a device, or me.
dunn, 4 product Of legislation, origin
ally inyeated to facilitate exchanges,
AND THAT By RESTRICTING IT'S VOL
UME THEY CAN EXACT TRIBUTE FROM
THE MASSES, it is around and in the
Legislative halls of the various civiliz
ed nations that they station the
forces with which, by controlling f.
nancial legislation, they preserve
their advantage.
The financial measure herein advo-
Gated is not one OF loaning money to
the farmer merely; it is u question of
the issue Of money by GOVERNMENT in
quantity sufficient to promote the in
terests Of all, instead of few of its
citizens. The term "loaning money"
rs used in this connection, is mislead-
ing; the object Of the measure being
to enable owners Of productive real
estate to convert the same into the
legal representative of property
money-upon terms by which they
will be enabled to utilize for the ben
eft Of thiemlsel;ee and seeiety the ac-
eumulated product of their industry.
The issue of money by Government
upon productive real estate, secured
by mortgage, involves an increase in
the circulating medium equal to the
Legitimate demand for it: while the
simple loaning of money by Govern.
ment or individuals, would imply on
ly that included in the present sup.
ply: !
uIdef the p.e.en. System. with the
single exception OF gold and silve,
bullion, actual wealth can be convert
ed into its legal representative, onl,
upon the most unjust OF conditions