The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1874-10-22

bY Illinois. And Rhode lSlanQ, the
smallest Of the group receives. seven
times as much as North Corolina. =
Again he shows us what vastamounts
of internal revenue are paid by the
great monied States. Disagreement
pets, that have received such special
favors in money matters. and for whose
benefit we are taxed so heavily by the
protective tariff, one would naturally
suppose they would pay vast amounts
of internal revenue as compared with
the western States. But as Logan is a
good credable Republican witness we
will hear him state it in a lump. The
six New England States in 1873 paid
$685. 79 and Illinois paid $l6, 470, 2O8.
He says: ''from this it will be seen
that Illinois pays three times as much
internal revenue as all New England !
But look at the table Of the money dis
tribution and see how the two compare
New England, received $llO,409,966;
while Illinois receives but 81, 824,2O9.
Just one million and a quarter more
than the annual amount of her internal
revenue!!'
Next he gives us the total active cir
culation of money at 1868, 900, 900; and
the total Of all taxation at $500, $780,
924; he says, that there are but $7S.-
900. 900 more in circulation THAI, the
annual tar uhich has to be pdid!!!
He gives the above to show the neces-
sity Of larger amount of money for
circulation, and says, "Will any one tell
me there is redundancy Of money and
that business would prosper with less
when it requires nearly the whole Of
the rolun1e IN circulation, to be turned
orer to the targdtherers annually, and
much Of it locked up in the different
Treasures one-fourth Of the year.
Again. He gives us table showing
the amount Of money Of all kinds of
paper, including the seven-thirties, in
circulation in 1865, which amounted to
$l,75S, 24O, 703, equal to $s5S per capita.
estimating that part of our population
using our money at the time at $780,
900, 900; and in another table he shows
that in January. 1855, gold was quoted
at 2.34 10, and in May of the same
year when as yet there had been no de-
crease in the amount, gold is quoted at
1.28 IL, a fall l06 per cent. which
must show that the undertaking Of pa
per money is more the work Of the gold
gamblers of New York than any other
cause, for since 1855 the amount OF
currency has been reduced over 81 ,Ol8..
100000, and gold is still up to Ito, and
has never been lover than LOB.
After deducting the amount Of money
supposed to be lost and destroyed, we
have not to exceed fifteen dollars per
capita in active circulation, while Eng
land has $24.28; Germany $26.60; and
France $34.62.
If these statements are correct as to
the amount of currency at the different
periods, is not this then the question
above all others, demanding our most
serious attention.! Only look at the
prepondcrance Of power put into the
hands Of the Eastern capitalist for the
last ten years by the Partially of the
government, until the West and South
since they have been allowed to in
crease their banks are unable to raise
money to buy the bonds, and have beer
sneered at by certain papers for theil
poverty.
But there is another plan by which
people should have their proportion O
none. That is. they possess the CAPT
tai upon which government bonds ar
based, viz: land and muscle. Thes
are necessary to make money brini
that which will command money. An
if the producing class need large
volume Of currency, they should de
mand it as their right, and let it be i.
sued directly by the government an
loaned as subsidies are loaned to raj
EOau companies, WIZ ole VI nv AAiOi ~
portance te this government than tn
millions who are now oppressed b
them and other privileged monopolies
If the government would issue al
the paper money necessary for the bus
mess Of the country, and loan on
through State or other officers, under
well-guarded system, to the variou
classes, in proportion to the business il
terests Of the country, on time, Of no
less, say, than one year or Longer, takin
such security as would be safe beyon
; any doubt or contingency, fix the raj
/ of interest at what would pay the int
: rest on government bonds. The use (
5 money in that way could be put at
: per cent. This plan would put none
8 in the reach of all classes vino coul
: give valid security and be saving Ct
, per cent. upon the common rate OF Il
+ terest at which money is loaned. Al
ply that saving to the three hundre
and "a million of national currenc