Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1898-06-07
Official Paper of County.
OUR CANDIDATE IN 1900
Reasons Why!

Reasons Why!
The question is often asked why
England is SO determined to perma-
nently maintain the gold standard.
Perhaps d few paragraphs from a
goldbug journal will go far toward
satisfying the anxious inquirer.
The Washington Star gives the
facts and figures about the invest
ment of British capital in the United
States. Among the holdings we have
the following items: Bonds, $780,,
600, 900; mines, $15O,ooo,OOO; gas and
electric light companies, $100, O00,O 900;
breweries, $35,OO0,O00; stock wards,
SEC, 1000, 600; cotton, flour and rolling
mills, $4,000, 600; dressed beef compa-
MES, $1O,OOO,0O0; distilleries, $5,000,-
900; miscellaneous, $S0,000,000; real
estate, $3.50, 100000. Grand total OF
all, So, 200, 900, 900.
If these figures are reliable or even
approximately so, there is no Difficult
ty in accounting fol- the pertinaclty
with which Great Britain c.ings to the
gold standard. The United States is
not the only country mortgaged to
England. No argument will be re-
quired to satisfy anyone that the less
the volume of the legal tender the
greater its purchasing power and the
smaller its capacity to cancel out
standing debts. If we owe England
three billions of dollars it will require
six billions worth of property to pay
the debt, provided that the legal ten
der is reduced one half in volume a
the date of payment. We contracted
debts amounting to three billions
made payable at future day. W.
had three billions in legal tender, ont
half gold and the other half silver
We then demonetized one of the met
ais endowed with the legal tender
function in obedience to the wishe!
of those holding our obligations. We
enter our remonstrance against this
fragrant act OF injustice, and we are
met with the plea that the nations
honor will be compromised if We fai
to satisfy the demand of the creditor
We have in this brief statement al
ample reason for England's opposit
ion to bimetallism. Avarice and greco
constitute the plea of the creditor
The borrower is servant to the lender
and the degradation of his servitud'
is manifested by his cowardly surren
der to the demand of his master.
What a spectacle does our PROUD
country present to this and coming
generations! The representatives Q
the dominant political party meet il
national convention. They declar
in favor of the continued use of bot
gold and silver as money, but wi
comment to gold standard until Eng
land will allow the United States t
pay her three billions of debt accord
ing to the plain language of the COZ
tract. Bankers and bondholders j
our own country were the allies {
the gold syndicates of Europe in th
wanton disregard of the rights {
those who must pay all debts wit
the products of their toll.
By the way, we see statement
the st. Louis Globe-D the
capitalists in New York to the exter
of $50,000,0O0 are investing their FUND
in London because they know ths
they will not be paid in As cent do
lars. If this is true the owners {
money should follow it to Englan
and forever remain there. We heart
~ agree with the Globe-Democrs
that any citizen of this country VIII
is afraid that Uncle Sam will not pa
all his honest obligations is no patrie
and does not belong here. Ever
such man has our consent to get OF
of this Yankee Doodle land, and til
sooner the better.-Cincinnati Ell
quirer.