OCR Interpretation

The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, April 17, 1884, Image 6

Image and text provided by State Historical Society of Iowa

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83025167/1884-04-17/ed-1/seq-6/

What is OCR?

Thumbnail for

ot tli* Great
ptiiiru Arc Already
e Clr«M'iilH»ck Party Is Show
ityr More LIIV and Knergv
Than Kver.
ttur i
yHfiriil Hoar from the
llttliy" Next November,
National Convention failed)
aiiil the \V orkerH Wheel
hiK Into Idnt*.
(Cliteairo Sentinel
•»e Greenbackers during the
have not I teen as active a»
luring the white-heat of the
1880, there are many people
5tly imagine that the Greenback
is dead.
Such a conclusion, however, I* mwt wo
nilv out of the way
As a matter of course the Greenbackers
have not Itcen making as much stir as du
ring an active campaign, hut they have
been constantly, persistently and energetic-•
Will find out t. tin ir ion-prim' tcht N tbt f*dt*
•/(#.«/ tuft Xi'i't nilt r!
The quiet work that has 1H*»I done du
iiiii th» last two years, while the leaders
\JKi- Democrats and Republican* were
lecp, will count for good when the cam
paign fairly ojiens.
Who. by the way, has heard of any
movement among the people in l»ehalf of
Have they held any conventions?
Those who have l»een reading Th* 8KS
TISKI. during the last two months have uo
tieed the thousands of letters which we
vCinuui Rapids, Mich, I.«'Ht*r
s K
ally sowing the Greeiiliack seed as pcople| ('otigrcsioiial representatives of the banks|
aud //((".-(representatives of the people, know
they had any love feasts? Have they lieen
f'ng in the school houses discuss,
ng any|
It is true, the office-seekers and the pap
suckers have been busy at work manipula
ting the machine in order that they may the
better tieeee the unsuspectiug people, but
the rank and tile, tin* voters, have kept as
quiet as lambs Tiny are sup »osed to have
no interest in such matters it is quite enough
for them to walk up to tin* polls next No
vetnber and vote whatever ticket the "lead
may put into their hand!
have published, coming from *very sectioul gwrutarv p„v Ioudholders in nilvt*r
of the countrv, from the rtwk bound coasts!
•M it work:
The Cresco la. Plain Dealer says: Tlu
lackers of Winneshiek county art
moving in the matter of organization. A
call for a count v convention a|pears to the
Plain Dealer this week.
The Greenlmckers af Barry county liave
been prompt to follow the example of tliel revo utioni/iug the sentiment of the coun
Grei'idmckers of Newaygo county. The
conferences lately held at botli placc
were characterized by earnestness, una
nimity, large turn-outs, and an avowed tie
sire to use all legitimate means to compass
Ulir downfall of the «»p|H»siti«u.
Tlie True Democrat of Cleburne sa\s
that a eouf«*ivnce lias just lieen iiehl, and
tlwt the Greenliackers will hold their state
ouiivciition at an early ilay. The prus^ML-ct
IM^er kM)ke«l brighter.
1U I.«» al
The Greenliack mcetin-r S ttunlay night
was much larger and more enthusiastic
than was ex|iected, alxmt forty voters being
ttA-lter tn Ncwaytro Mit'll Tribuae.*
The tire is religliml in Van Huren coun
ty ill fact,lias uever gt»neout, only smold
erel tor a time, and s»h»ii its light and heat
will be felt. The outlook is auspicious.
The clans are gathering, ami from every
portion of the state 1 hear the notes of
tilasilinrs, Mich lloint' Jourtiat.)
alreativ in the tield Barry county ha
never Wen Itehind in the work. Ia'I each
township committee call a conference and
commence the work of organization. The
tllne to work is wor Much has lieen ac
completed in the past, and the promis« for
the future is creat.
Tin- National Greeiilwek jtarty is waking| hhmh'V was of n« liencflt to coin
all over the state, and earnest workers are
and favor the election of civil officers by altion of silver, they were called 85-cents-on
direct vote, and removal from office for| the-dollar men
cause l»y a two-thirds vote of the electors.
Motiev is a creation of law,—ArMatle.
One currency for the government and
tlie people, the laliorer :md the office hold
ers, the peusioner and the soldier, the
producer and the bondholder. —-Ihmoeratie\
National Platform, lStiS.
WASUINOTON. D. ('.. FCH. 17.—There
are indication- that the House will refuse
i to make any appropriation for the printingl years tin
of the $1 and #"2 greenbacks. As the sup
ply is already exhausted the Treasury will|
probably this week begin to pay out stand
ard silver dollars to all |»er*oiis who desire
sums smaller than $5, and Congressmen!
will lie required to take a portion of their I
salaries in silver dollars. Sane ot tlief
friends of the silver dollar are of the opin
ion that it will IK- to the advantage of their1
cause to decline to make any further ap
propria!ion for tlit* printing of these notes.
The above dispatch demonstrates what I
tin* Greenbackers have so often averred,
that then-is a conspiracy to destroy in|
some underhanded way the greenback cur
grecntnick currency. The
Ing this sentiment in favor of the greenbacks
dare no! openly do anythiug to suppress
them, but they are ready !o do anything
which they can do covertly. They are I
ready to report at any time the methods by
which the bill demonetizing silver wasl
wheat to sell, or workingmen who have a]^,^ ,|
few days la!or to sell, do not think them
selves any
too yo»d to accept silver money.
If Congressmen are coin|»elled to receive
silver, we trust that it may suggest to some
of them the propriety of passing a resolu
tion asking the Secretary of the Treasury
how much silver has been paid to bond
holders mid perhaps they may do even
more than pass a resolution of enquiry
perhaps they may pass a law coin pel ling
tjjj Jhe vaujts art.empty.
of Maine t^ the sunset land of Oregon,I vTjTof \GTT\TtOX
each and every one full of earnestness. en-| *'I('1,T
tlmsiasm, hopefulness aud good ch'eer. *or ten years after the close of the war.l will Ik- w„H*d out of existence.
parties did nothing but quar-l And
rel over the cause, conduct ami result of I the
Th« v re|Rrt almost without an
tlmt the cause is surelv gaining ground.
The following Items (all that our limitedl,1"' «ar-except when they were mutually around for a place to jump. They already
space will iH-rmit us to publish) show with I *"^ed in some scheme of public plunder. I see that the days of national bank currency
what courage and energy the Greenhackersl Discontent arose among the masses, audi
Because they demanded the suppression
of the national hank currency, they were
abused and ridiculed u|xn general princi
Because they advocated the rights of
lalior, they were denounced as blood
thirsty "communists."
Because they demanded the repeal of
the resumption act, they Were called luna
tics and idiots.
Why not. pmv, make Mr. Bondholder|
Democratic and Republican parties*! gtvumulated silver f(»r
interest money
Is a man who got his lionds at 50 to tktl
m|ts on lhe
dollar and who has paid uo|
taxes ou them during all these long years,
too yxnt to receive silver dollars?
Farmers who have a few bushels of
But time has passed away. For eight
work of education has been
going on. A few congressmen have been
elected. A few hundred uewspaj»ers have
lieen published. A few hundred s|w*akers
have been talking. Thousands of private
individuals have been talking to their
What has it accomplished?
First, it has so completely changed the
sentiment of the |eoplc and the policy of
the government that the greenback money
has been preserved so far—and in all prob
ability will continue as the currency of the
future. It has driven the very party that
reiiey. The /*a,v opposed to the de-1 j(l lestrc»v the greenback money to the
struction of the green
1 Kick curn-ncy.
extremity of denying that it ever advocated
such a jjolicy. It has made the Republic
ans themselves go back on the utterances
of its own finance ministers, Bristow,
Bout well, Morrill, Sherman aud Folger.
The resumption act. which was gotten
up for the double pur|wse of destroying
What, it is asked, lias the Independent! Greenbackers have created such an auti
party accomplished? rmono|»oly sentiment that already the peo
In point of office-holders elected, it has I pie are beginning to ask what they shall
accomplished comparatively little, but iuI do to IK* saved from the clutches of the
railroad robbers aud usurpers.
try, it has accomplished more thau hasl For years, Greenbackei-s demanded
ever lH*eii art-omj^lishwl by any political! more mouey." And they plainly told
party in the United States—with perhaps I the |eople that "more money" was the
the single exception of the aliolition of I only remedy for the hard times. In 1879
slavery by the old Altolition party. I tlie balance of trade liegan to bring
In 187»t the country was suffering tliel money: the Imck pension a«-t took a bun
agonies of hard times an army of lrtunps| dreti millions out of the treasury and put
was wandering up and down the kind the
workshops were closed the sheriff was|
busy selling out homesteads men, women
and children were starving for bread in a|
laud blessed with Wunteous harvests.
Silver had been demonetised awl §nld|
was the measure of values.
The iKink and treasury vaults were keptl
full of money, although commerce was|
languishing for its presence iu the chan
trrmibaok HUtl ootI,m(.,iu!j,h(.eurrei.cv
as Bv
mUvr waH
Uu of May
81,1878. reissuing the greenbacks as fast
that act the back track
was taken on the famous utterance at Cin
cinuati, "uo step backward" iu the |olicv
the people
never knew that it had leen demonetized
till so informed by the Greenback party.
The accursed policv of perpetuating the
(s h„.a (,„„pl,-tely
in the head. A "debt paying mania" has
lieen substituted for the bills of Wood,
Democrat, and Garfield. Republican, re
funding the debt into 40-year bonds. Such
a complete summersault was never seen lie
fore. It is a complete "about face." And
to the Greenback agitation will the people
of a hundred years hence l»e indebted
for fn*edo«n from a national debt created
in the war of lfcWl. To the Greenback
party are the little children of to-day in
debted for the fact that by the time they
liegiu to work and pay taxes the bonds
to the national bank currency—
'as a result, the Independent party wusl contest left is a contest letween green
formed, at Indianapolis, in 1876. ThatI backs, and "wildcat" money. Well may
party in time liecame kuown as the Green-1 the bank corporations gnash their teeth
back party. It has kept up its work of ag-| and howl in rage at the Greenback party,
itation and education ever since. I By its agitation of public questions the
are already beginning to look
„,„nl»ered. They see that the only
I it into circulation the banks began to dis
count notes more lilierally. Tn other
words, there was an intlatiou of several
haudrcd million dollars, and behold, what
a mighty change! As if by magic, the
The |Milicy of the government at thatl great army of laliorers fouiul work, mills
time was to destroy the grceubuc.ks, |ivr-1 started up, workshops were opened, tin
(ketuate the lxmdeil debt and the national| Imnkmpl courts closed, the sheriff's bus
lnuik system.
nels of trade. The wise financiers said:| jK*o|tle that one of the greatest evils of to
There is just as much money in tliel day is that of obeying the crack ©f the
couutry as there ever was"—yet their dull! party lash. It has taught them that tnlr
wits failed to comprehend the fact that| in politieal afliliatious is the only
guarantee of political freedom and official
The Indepen!mt (Oreen!»ack\ party de
manded the preservation of the greenback!
currency, and its receipt for custom duties,
the remouetization of silver, the cxtin-
TSK Kilt ST (UN KltOM I Ml A It*.
I Associated fress
Tst*t.vnai*oi.is, lnd., Feb. 22.18M TheI tinie of money and the recognition of thel The people are at hurt aroused
Greenback State Convention asM iitliledl rights of labor I They are awake
hereto-day. Tlu- attendance included ri*p-1 Hecaus«' it demanded the pres(rvatiou of I They are breiiking loose from corrupt
ntM UtMtivcs from all the Cotign-ssional dis-l the greenback, it was called the "ragl party leaders
ttfets of the state. A platform of twenty-1 baby" party. I They begiu to talk about their rights and
three resolutions was adopted. The resolu-l Because they demanded a volume of I soon they will begiu to tnfnt them!
tiou* denounce the present financial system, I money equal to the wants of trade. Ibeyl They begin to see the danger signals
•lid demand that ail money isstn-d by thel were denounced as inflationists I They begiu to hear the horns blowing in
government U- legal tender, demand thel Because they demanded the payment ofIthe fo,
^tecdy |ayinent of the National debt audi the l»onds in lawful money (which includ-l They begin to hear the roar of the wat»
tibe aljolitionof the national bunk (mvilegesj wi grecnliackK) they were hooted at aa re-Iras it dashes upon the shoals and rocks.
i|poae the inqtortation of hinoe or oltu i I pudiationisU. I They begin to talk aiout the Rkfuhi.io!
He labor favor peo^ioni for all soldiers 0euswe they demanded the retuoueti/u Tbej are qukk to remait the
inesswascut down. Prosperity returned
when "more money" came—and not UU
thm.' It verified the predictions of the
It has accomplished all these material
n-sults, and more too. It has taught the
sruishnient of the bonded debt, the rejealI ideas, new leaders, new purposes—a party
of the resumption act, the suppression of I of the people with leaders who are servants
the lnuik currency, an inflation of the vol-landnot masters.
But the agitation will continue, till by
and by the |eoplc will find that it
neither of the old parties, but a party
with new thoughts, new principles, new
of the man who dares to say: The people
i»e da timed."
Ills contempt of |iw people rankles In
the breasts of the people.
They feel the insult, and, sooner or
later, they will bring him to an account
aud make him eat his own words.
And the agitation must still go on.
It is the unrecognised yet potent factor
In politics that will save the government
founded by the men of 1776. Wl» lovad
lilierty better than life itself.
Those who imagine that the Greenback
irty is "dead" are superficial observers in
deed. 0
On the contrary, the Greenback senti
ment was uever as stroug as to-day.
The pros[ects of its success were never
as good its to-day.
During the last two^cr three jrwrs you
have not heard as much al»out the Green
back party as you did in 1880, it is true
but is not the same also true of the two old
arties? What talk have you heard aliout
jH)litics lietwcen Democrats and Republi
In the meantime, however, Greenbackers
ave been constantly sowing the seed and
spreading the light, so that when the excite
ment of the campaign arouses the people
into action you will see Greeiiliack tires
blazing on every hilltop and along every
valley in the land.
Do not Im' mistaken, good neighbors, you
will soon see the prairies of the West and
the woods of the East alive with Greenback
A party that has maintained an organiz
ation throughout two presidential cam
paigns, that has now a thousand able public
deleters, three hundred to four hundred
well established newspa|H*rs, and that
stands u{on the only platform of live
issues to be found in the couutry cannot aud
will not die out!
Here an* the figures: #2,02.1,000,000 in
twenty years!
It ouly takes ten figures to express the
amount, but if it were put in the shape of
the actual products of labor ft would be
absolutely startling.
Tiiere lies before ns a piece of paper- up
on which are imprinted these words: The
Union National liank of Chicago null
the bearer on demand Fice Dollar*."
It is ours. We exchanged the products
of our labor for it.
Now then, we want to know if the Union
National Bank of Chicago does not owe us
the sum of five dollars?
This piece of paper is a promise to pay
the barer, five dollars, hence its very words
imply that it is indebted to us, the present
liearer of it, in that sum.
Three months ago a busiuess man bor
rowed this piece of paper of the Union
National Bank, agreeing to give for the use
thereof the rate of eight per cent interest.
To-morrow, after getting it of us again
iu exchange for the products of his labor
the same business man who liorrowed it re
turns it to the Union National Bank with
ten cant* iu addition for the use of it.
Now then, that ten eent* is exactly what
the Union National Bank has drawn to in
terest money upon—what?
I 'i»nt Jir dollar* trhirh it ha#actuary been
iwiitf/for th? laxt three monthn.
This piece of pajer, commonly called a
uational bank note.is not the only one which
the Union National Bank of Chicago has
loaned out during the last three months.
It has probably loaned out nearer a quarter
of a million dollars of them, upon which
it liastdrawu eight |er cent interest—eight
Imm- cent interest upon two huudred aud
fifty thousand dollars of its own indebted
Iu short, the Union National Bank is an
association of individuals who are living
upon the iuterest on what they owe!
The two thousand and more national
Itanks in the I'nited States are so many
associations of individuals who are drawing
interest, at various rates, ranging all the
way up to as high as 2T per cent par mi
uum, u|Mn what they owe.
These two thousand uational banks have
out upwards of sj« {r0,u00,000 of these prom
ises to pay. in other words they owe the
great multitude of holders of these notes
upwards of upon all of which
they are drawing interest!
The total interest which they draw would
at an average rate of ten per cent simple ill
terest, amount to $35,000,000. per year.
They have annually drawn thirty-five
millions 'ijkui what they owe!
They live in reality as the worthless vaga
bond aff«fU to live when he in a careless
rollicking mood tells you that he is living
upon the iuterest of what he owes!"
In twenty years they have drawn from
tlu* jwople in the shape of interest money
uj)on what they owed the enormous sum of
Not only have they drawn this amount
upon what they owed, but they have been
during all this time, drawiug interest from
tbe people, through the government, upon
upwards of $400,000,KX) of bonds, amount
ing to not less than $375,000,000 more.
From the people direct, and through the
government they have drawn as interest
U|on their untaxed bonds and as interest
upon what they owed, the sum of not less
than $1,075,000,MX)!
In addition to this they luive'loaned out
on an average dc|Hsits," (money which
business men have temporarily deposited
with them) to the amount of $175.000,Xo
ler annum, the interest U|MII which has
amounted to $47,500,000 a year, or $950,
000,000 in twenty years!
From interest upon what they ow^l,
From interest upon untaxed bonds, $375,
From interest upon other people's mrntey,
A grand total of $2,025,000,000'
This is the tribute which the natioual
tyink system has extorted from the produc
tive enterprises of tltl* country tn twenty
This national bank system is the citadel
of the Money Power.
Against this national bank system the
Greenlwck Lalmr |arty should raise the
black flag arid give or take no quarter till it
is wi|tcd out of existence.
Government loans direct to the people is
the club that will knock the brains out of
this gigantic Shylock of the nineteenth
And this Is the pet institution which the
United States Senate, by a vote of 42 fo T2,
has just passed a bill to still further aid
and enrich by granting it 100 per ccut cir
culation ou their deposited 1 Mind*, instead of
90 per cent as heretofore!
Hie Banker's Senate (usually kiniWfl a»
the United States Senate) on February 25,
passed the McPherson bill, giving to na
tional bunks
percent circulation instead
of 90, as heretofore, on their lionds.
In other words Uncle Sam is asked to
fork over to the banks the full amount of
what he owes them—and yet pay them in
terest just the same!
Smith holds Jones' aote for $1,000.
Joues lets Smith have $1.000 without inter
est and yet, like poor simpleton, con
tinue.s to pay SmiUi interest on the $1,000
Poor fool .Tones!
The vote on the bill was 42 to 12.
The following Democrats (20) voted for
the bill: Bayard, Beck,Brown, Butler.Call,
Camden, Cockrell, Gibson, Groome. Hamp
ton, Harris, Jackson, Jones, (Florida) La
mar, McPherson, Morgan,Pendleton, Pugh,
Ransom and Williams. The following
Democrats (9) voted against it: Coke, Gar
land, George, Keiina, Maxey. Slater. Vest.
Voorhees and Walker.
The following Republicans (20) voted for
the bill: Aldrich. Allison. Blair, Conger
Cullom, Dawes, Dolph. Hale, Harrison.
Logan, Miller of California, Miller ot
New York. Morrill. Palmer, Pike, Piatt,
Sahin, Sawyer, Van Wyck and Wilson.
The following Republicans
(3j voted against
the bill: Boweu, Jones of Nevada and
Readjasters Mahonc and Riddleberget
of Virginia both voted for the bill.
It is a singular fact that there were just
20 Democrats aud 20 Republicans who
yoted for the bill—a fact by the way
which forcibly demonstrates that on the
bank question it is alnrnt au "even thing"
between Democrats anil Republicans.
The following significant comment is
found iu the associated orcss disoatclies
concerning the discussion aud passage of
the bill:
"Possibly the most striking feature of the
entire delwte has been the strength of the
national banking system and the very
marked weakness of the greenback clement.
For instance, agaiust the bill to-day there
were but twelve votes, and forty-two votes
in the affirmative. The strongest vote ou
the Greenback amendment was that on the
proposition of Mr. Vest to use Treasury
notes in lieu of national bank circulation
when bonds deposited for the security of
the latter are withdrawn. This amend
uient was rejected by a vote of 14 ayes
to 36 noes."
Mo one need be at all surprised at the
result of the Senate vote.
The Senate is the citadel of the Money
Power. Two-thirds of the Senate are mil
They uo more represeut the 25,000.000
farmers and 15,000,000 workingmen in the
United States than Judas I
sea riot, who
sold the Master for thirty pieces of silver,
represented the twelve disciples.
But does it not teach us. fellow-workers,
that this light ou the wouey question is
not over?
Does it uot inspire us to greater effort
and greater sacrifice than ever before?
Should we not with greater emphasis and
determination than ever say: Oti aeaUl
We believe that the Issue of the currciKjy
should U- couuneusuratc with the indi*
trial and commercial interests of the |h*#
pie.—«** Hepubhean tteyvrm, icufe*

xml | txt