The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1891-04-09

The march of the farmers to the
poor house begain shortly after Pro-
lection vaulted into the saddle, as
New England's abandoned farms
testify. The Mckinley tariff is max
ing them step little faster.-N. \.
World.
The reports Of the commercial
agencies (Bradstreet's and Dun's)
show that the march to the poor
house began when the government
commenced swapping non-taxable,
Observation-Disclosures for money,
which it destroyed as fast as received.
When the circulating medium Of the
country was over two thousand mil
lion dollars, the procession Of bust
ness men to the poor house was less
thau 500 annually, now over 10000
annually: then the farmers We're not
in the procession ut all, now their
number would probably exceed that
of the businessmen on the march to
the poor house. With $4,000, OOO, 600
in circulation the business of the
country was on cash basis; now it
is done on credit, largely. Then the
country had the same high tariff that
it has now. The extravagant appro-
priation of over q thousand million
dollars by the IL congress, and the
heavy taxation it imposes on the
people, is not more oppressive and
burdensome than the crippling of the
industries and labor of the country
through an inadequate money sup
ply. When congress forbid the fur
ther conversion OF the lawful money
of the country into non-taxable-in-
terest- bearing bonds for the benefit
of the money lords of Wall Street,
the money lords felt constrained to,
in some manner, devise means that
would make 1900 bond worth
$1,000. The process was simple and
effective. Simply to limit the sup
ply Of money; to make one dollar buy
as much labor, or of the products of
labor, as two dollars did before.
The first step to this end was to
wipe out half the money of circula-
ton, through decentralization and
wiping out the silver coinage. Vari-
Gus pretexts were resorted to as a
measure whereby the money Of the
country could be withdrawn from
circulation and boarded beyond the
reach of the business public. This
was accomplished by refunding the
public debt into long time bonds,
when it was demonstrated that the
public revenues would be adequate
to their earlier payment, at the same
time continuing to collect in taxes
and hoard the money in the treasury
vaults until the wash hoard exceeded
$500, 200, 900. And in restoring silyer
to its place as legal tender money,
the conspirators against the people
took care that the government buy
the bullion and hoard the coin, thus
preventing it from going into general
use. Through these methods with
others that we have not the space to
mention in this article the robbery
of the public through the financial
legislation dictated by Wall Street,
has been such that the extortion un.
der the tariff by comparison, has
been a low grade OF petit larceny.
The misfortunes of the farmers are
not due to the prices they pay for fab.
rics, groceries, end merchandise, but
to the amount OF pork or beef they
must exchange for the dollars with
which these purchases are made.
The trouble is that by controlling the
amount Of money that farmers and
business men may have, Wall Stree:
has crowded entirely too much hog
into the do liar.