Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-08-18

erecr1un or pupiic uuiiuI1lgs--un trcBo uuzrs
fer incidental benefits upon individuals. and
communities, and yet these incidental benz
eflts do not deter us from making appropri-
appropriations are necessary for the public
good
Debtor Should Have tho Option.
II there are two kinds Of money the OPP
With the creditor. Assuming that their
rights are equal. we must look at the inter-
esIs Of soclety in general h ords, e g.
slYsn, Under i ~ bImsse H System s sofd
ea 1St aad any pSar Or
Il the creditor has the right to CHOOSE
Il s SSh e shall h p Re ps %a
rear1 h there eestan any TO Rsy Is aS
This new demand G created f9 70 tn the dsa4es
metal will make that metal dearer still.
metal Win make that metal cheaper still.
If, on the other hand. the debtor exercises
the option. it is reasonable to suppose that
he will pay in tho cheaper metal II one may
be perceptibly cheaper than the other, but
the demand thus created for tho cheaper
prioe. '0f the 0eAfst lAs'a' VIII l'"s' ''a
In other words. when the creditor has
Whereas VIZ When en-. the DEBTOR has tie OPTION
the metals are held together approximate.
sass e IN HAVING
h epGa 81 ts deyo he Choose
tends to obligations due from the govern
sImpy DEBT Sus f@ al }Re fpeepe e
# the poY ssp sA sGd makes s hge t.
tl9n superior to the rights Of the many
to 1875 silver, was. at a prem Jun. It v Vas as
never contended that national honor re-
sfea The sRy Gf hey ss
RgTssssly ssss s IL s|sht e the Gnissd
ard silver dollars as, well as in gold coin.
reads rsa ds,o We are opposed to TIE policy and
option rsssrved Sy law to tbs gove esns ene
OF redeeming such obligations in either
silver coin or gold CON-"
Cause of the Drain on the Reserve.
1t is constantly assumed by some that
the United States notes, commonly called
sued under the act Of 1890, are responsible
ser serve but this asaumption Is entirely with
ton Nj. Bryan quoted from testimony i1 asye q
Secretary Carlisle before the Committed
Which, VI aHpps1So s sseFaay saa ~ n a
reserving to the government at the be-
ginning Of resumption the option Of re-
ssn5ed sSS eea or a sysT 81 its
would have worked beneAcially. But the
secretaries of the treasury, from the be-
ey Of redeemng in gold o or silVer at p fhe
option of the holder Of the paper, and II
an any secretary had afterward attempted
man who wanted gold and gold upon a
that at, it you'd have been very disastrous;
fault does not liz WITH i the sre enha
ana treasury notes. but, rather with the
executive e,,ecI officers who have, seen At to
egts q the people II the 8 go ss lssnt
ssh n on ret retire its paper and throw upon the
demptton the. banks would exercise the
right to furnish either gold or silver; In
o e,a w, words they would exercise the op-
ton Just as the government ought to ex-
ercise it now.
It may. be further answered that our op-
avoiding the dangers Wheh they feapr TSs
retirement OF the greenbacks and treasury
n no5es t Wouid not protect the treasury. be-
eeeretanS sane os thpe policy which now leads the
m ma, viii require the redemption Of all
- ~ uot!aIS ana SILVER ceftlhcates IN gold
Withdrawn from circulation More than,
lbs TINS: II the government should retire It's
P ntpp os sna thr9W the banks the
panks would exercise the right to furnish
either gold or silver. In other words they
would ,,oa exercise the option just as the gov-
redeem its obligations in silver when sii-l
ali the Is sre any afys or i must retire
Legal tender money. Are our Do oppo aie ia
VIII esr to e cut tbsr nooS system Whe
their Designs in amSisuo e1at phres IS Sl0aF
, The argument that q silver dollar is
heavier se. than gold dollar and that. there
large quantities, is he said, completely an
swered by the silver certificate, which Is as
easily carried as the gold certificate, or
WAS much elaboration and Illustration IN
the points presented in this part Of Mr..
Bryan's speech.
When Gold Goes Abroad
In answer to the charge that gold wiz
so. abroad 1t must be remembered that no
gold can leave this country until the owner
q the gold receives something IN return
other words, when gold leaves the country.
those who formerly owned It will Be bene.
flied. There Is no process by which We
Wien silver can be forced UPON Is Witho1
are matters Of
try under free coinage 1t will be at the tn
vitation of some one in this country who
will give s9e a9s hing in exchange tor t;
allism would be hardship upon those who
hays have entered into contracts payable IN
Easier r to obtan int the gold With Which Il to to
meet a gold contract when most of the
people can use silver than it is now, when
A New and Vital Issue.
There is another argument to which [
ask your attention. Some Of the more
zea tS 9f free coinage
between the election and the first regular
session Of congress, and assert that dur
selves in favor Of free coinage, all loans loans
will be withdrawn and all MORTGAGES fore
closed; If these are merely prophecies in
provisions of tho constitution, It will be
sufficient to remind them that the presi-
dent is empowered to convene congress in
Der the people by their ballots declare Ia.
toration Of bimetailism the system can ag Be
inaugurated within few months.
If, however, the assertion that loans will
the peope may bee sa e be
Tor the preservation OF their rights, then
Q new and vital issue Is raised. Whenever
to obtain consent from the owners Of
money and the changers Of money before
they can legislate upon financial questions,
to O plutocracy. But that time has not
yet arrived. Threats and intimidation Will
rejected the doctrine that kings rule. by
right divine will not, in this generation
subscribe to a doctrine that money Is ON
! niDotent.
Not Opposed to International Agreement
Concluding with reference to interna.
tional bimetallism, Mr. Bryan said: We
are not opposed to an international agree.