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Editorial
April 5, 1883
The Iowa Plain Dealer
Cresco, New Oregon, Howard County, Iowa
What is this article about?
This editorial criticizes Congress for favoring railroads and monopolies over soldiers' petitions, condemns the national banking system as unjust privilege for the wealthy, quotes figures like Cernuschi, Jefferson, and Jackson against it, and urges unity under the anti-monopoly National party to protect republican institutions and justice for the masses.
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A contemporary thanks Congress
for the industry with which it grappled
with affairs. Yes, and with
which it grappled the tax payers by
their throats. It was a case of pig-
iron instigating the grappling irons!
The great aim of the Globe is to
unite the people. This done, there
will then be time to talk about all
side issues. Unite on anti-monopoly;
go to Chicago and select your name.
Did you ever notice how quick
congress responds to the petitions of
the railroads and other rich monop-
olies? And how long has it been
since the soldiers petitioned for the
equalization of bounties and yet the
petition has not been granted.
The national banking system is a
privileged one—it is a free gift on
the part of Congress of the credit of
the whole people for the benefit of
the few; to those who are in a posi-
tion to make such a gift profitable.
It is misleading to say the system is
a free one, for in its very freedom
lies its injustice—freedom for those
whose means are such that they can
start business upon the credit of the
whole people, and then tax the whole
community in the shape of interest
for the use of a circulating medium
based on the credit of the whole
people.
Henri Cernuschi says that "money
is a value created by law to be a
scale of valuation, and a valid ten-
der for debts."
By no amount of reasoning or log-
ic can a sovereign government be
justified in creating an opportunity
for the few, by granting them the
power to take from the many who
produce by labor, and convey it to
those who neither labor nor produce.
"Divorce of banks from the state,"
was the cry of a pair of old political
heroes, champions of honesty, liber-
ty, and the rights of the masses—
Jefferson and Jackson.
A correspondent at Brazil, Indiana,
asks: "Are there any fire-escapes to
Hades?" There are many, but the
only one we can recommend is for
you to vote the anti-monopoly tick-
et.
If civil and religious liberty are to
be guaranteed, a government by the
people maintained, and institutions
truly republican and democratic,
perpetuated, the success of the prin-
ciples of the National party is of par-
amount importance; and as reforms
cannot be carried out in a republic
outside of a party, the National par-
ty has been organized as an instru-
ment to restore justice to the masses
and to protect free government.
for the industry with which it grappled
with affairs. Yes, and with
which it grappled the tax payers by
their throats. It was a case of pig-
iron instigating the grappling irons!
The great aim of the Globe is to
unite the people. This done, there
will then be time to talk about all
side issues. Unite on anti-monopoly;
go to Chicago and select your name.
Did you ever notice how quick
congress responds to the petitions of
the railroads and other rich monop-
olies? And how long has it been
since the soldiers petitioned for the
equalization of bounties and yet the
petition has not been granted.
The national banking system is a
privileged one—it is a free gift on
the part of Congress of the credit of
the whole people for the benefit of
the few; to those who are in a posi-
tion to make such a gift profitable.
It is misleading to say the system is
a free one, for in its very freedom
lies its injustice—freedom for those
whose means are such that they can
start business upon the credit of the
whole people, and then tax the whole
community in the shape of interest
for the use of a circulating medium
based on the credit of the whole
people.
Henri Cernuschi says that "money
is a value created by law to be a
scale of valuation, and a valid ten-
der for debts."
By no amount of reasoning or log-
ic can a sovereign government be
justified in creating an opportunity
for the few, by granting them the
power to take from the many who
produce by labor, and convey it to
those who neither labor nor produce.
"Divorce of banks from the state,"
was the cry of a pair of old political
heroes, champions of honesty, liber-
ty, and the rights of the masses—
Jefferson and Jackson.
A correspondent at Brazil, Indiana,
asks: "Are there any fire-escapes to
Hades?" There are many, but the
only one we can recommend is for
you to vote the anti-monopoly tick-
et.
If civil and religious liberty are to
be guaranteed, a government by the
people maintained, and institutions
truly republican and democratic,
perpetuated, the success of the prin-
ciples of the National party is of par-
amount importance; and as reforms
cannot be carried out in a republic
outside of a party, the National par-
ty has been organized as an instru-
ment to restore justice to the masses
and to protect free government.
What sub-type of article is it?
Economic Policy
Partisan Politics
What keywords are associated?
Anti Monopoly
National Banking
Congress Criticism
Political Unity
Jefferson Jackson
National Party
Economic Injustice
What entities or persons were involved?
Congress
Globe
Railroads
Soldiers
National Banking System
Henri Cernuschi
Jefferson
Jackson
National Party
Editorial Details
Primary Topic
Criticism Of National Banking System And Monopolies
Stance / Tone
Strongly Anti Monopoly And Anti Banking Privilege
Key Figures
Congress
Globe
Railroads
Soldiers
National Banking System
Henri Cernuschi
Jefferson
Jackson
National Party
Key Arguments
Congress Favors Monopolies Like Railroads Over Soldiers' Petitions For Bounty Equalization.
National Banking System Is A Unjust Gift Of Public Credit To The Wealthy Few.
The System's 'Freedom' Allows The Rich To Profit From Public Credit While Taxing The Community Via Interest.
Money Is A Legal Creation For Valuation And Debt Tender, Not For Private Privilege.
Government Cannot Justify Enabling The Few To Exploit The Labor Of The Many.
Jefferson And Jackson Advocated Divorcing Banks From The State.
Vote Anti Monopoly Ticket To Escape Political 'Hades'.
National Party's Success Is Essential For Justice, Liberty, And Republican Institutions.