The Denison review. [volume] (Denison, Iowa) 1867-current, 1898-11-15

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dence was taken which now appeared
favorable to my friend and the note
broker bid sixty cents or his paper.
Finally the Supreme Court decided
there should be no divorce, and conse-
quently no alimony, and the note broker
bid seventy cents for his paper. They
commenced living together; quarreled
some but yet surprised their neighbors
with the rapidity with which. they
commenced paying off the expenses Of
the litigation, and the note broker paid
seventy-five cents on the dollar for his
note. They commenced accommodating
property, paid off more debts and the
note broker bid eighty cents on the dol
lar for his paper. Finally one day my
friend and his wife made loan on
their land; put the money in the bank
and said to their creditors, Bring on
my notes and you shall have cash
therefor. And ever since that day
that. mans note has been at par with
gold, because he has ever since had
gold in the henk, and has been able to
give his creditors their choice between
his paper and the gold. In the sixties
this government had a divorce case
commenced against 1T. 1t looked for q
while as if the southern confederacy
would get quite portion of our terri
tory as alimony. We could not pay
cash. We were compelled to issue
paper obligations and the gold broker
said. lit will be sometime before the
United States will be able to pay CASH.
and he only offered seventy-five cents
on the dollar for our greenbacks. We
commenced taking evidence, and lost
battle after battle from Bulls Run to,
Gettysburg and the gold broker bid
less and less for the greenbacks. Many
of you will remember the capture Of
Mason and Slidell, and the demand of
England that we let them go; and you
remember also that we said, sNot to.
day; we will consider the matter" and
the gold broker and all the world
thought there would be a judgment for
trespass against us, and we would have
a war on our hands against old Eng
land, as we'll as the southern confed-
racy, and gold broker offered but forty
cents on the dollar for our paper. Then
we released the Epglishmen, settled
the trespass case, and the gold broker
paid fifty cents for our paper. The
fortunes of war turned in our favor in
+ July 1868, and the gold broker paid.
higher for our paper. Finally the
Supreme Court at Appomattox said
that there should be no divorce, no
alimony, no division Of our territory;
and the war was over, and the gold
broker recognized the probability that
the United States would be able at no
very distant day to redeem its paper,
and he bid seventy-five cents on the
dollar. The north and south COM
menced living together, quarreled
some, yet surprised the world with the
rapidity with which it paid the ex-
penses of the recent litigation; and
with every fresh evidence of success
and prosperity the broker bid higher
and higher for our paper. Finally the
government made loan, issued its
, bonds, borrowed hundred millions of
| gold and placed it in it's treasurer's
hands. and said to all the world, sBring
on my paper and you may have your
choice between greenback and gold.
dollar for dollar;o and from that glad
day to this, thank God, and evermOre,
let us pray, the paper of the United
!, States has been kept as good as gold
and the creditor has been given his
+ choice between the two.
> But while the greenback has been
: worth its face in gold because eXchang-
r able at par for gold it has been and is
Z still government debt. / am not
t urging that they shall be retired. lam
J, only urging that their real character be
= at all times recognized.
$ Mss there was passed what is known
t as the Bland-Allison act, under which
r the government agreed to purchase not
4 less than two million, and not more
: than four million ounces of fine silver
Y per month. Under this law we pur-
8 chased bullion and coined silver dollars
two hundred and sixty times as fast. on
$ the average per annum, as silver dol
Z lars had been coined under free coinage