The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1875-06-03
CORRESPONDENCE.
New YORK, May %, 1879.
Editor of Anti Monopolist:


Editor of Anti Monopolist: :,
have in common with all who are IN -
terested in the struggle going on IN TINS g
country between producers ana non. a.
nroducers. watched with much interest e
f,onr efforts towards the lifting OF the
iowly. NV present business takes me
into the very busiest centres OF TINS
great centre of non-productlon and mon t
onoly. and as there is but small cnance Y
tn inter the truth and the whole truth Q
in this Eastern country. | frequently let
off nv indignation and express my Prl-
yate opinion very publicly in the free S
snoken Western papers. We OF the East
who do not Join our fortunes to those G
Of the oppressors, look very anxiousiy
to the West,a as we expect it to come TO the {
front with its young vigor in the great
battle against corporate monopoly, class
LEGISLATION. and the other gigantic eyhs
that Cypress the land.
THE RIGHT WAY TO HOLD GRAIN.
The subject that first suggests itself
70 mo for discussion to-day Is the holding
of Grain in the West, and especially at
Cbicaoo. Our New York papers are
sbalS;no their heads in holy horror at
thot naughty CITY of the Lakes, because
+ will keep all the grain it can lay hold
of and store it for rise, instead OF let |
t;ng New York pursue its time-honored
o,,stom in this respect. Being cos.
mono,itan. and not particularly attached
to New York. although it is my native
c;tv do not feel bound to sustain the
selfish greed Of the metropolis. II Is
,,n.,.,v an even thing between the two
rreat monstrosities; but if Chicago has
seen ,nlated capital enough to enable her
to hang on to $1O,0Oo,O0o worth OF gram
TAyould rather see her do it than to see
this great mass Of the world $ iooo come
ON here to be held for rise, that when 1t
comes will further swell the bank account
of the overgrown ana oVerieo pl'oooo
gamblers of this city.
The Commercial Bulletin here COM
menting .ron the fact that Chicago mas
held on to her prize about as long as sife
can, says that it IS out OF the question:
chat New York should yield. Chicago IS
evidently on her last legs, as witnessed
by to-day's grain panic, and she might as
well give up the fight at once;
"The natural spot Tor holding produce is at
the market which stands next TO the lorelSh
markets. that is, at the centre OF the trade.
ph;s rule prevails in all grain-exporting coun-
tries: and there is no obvious reason why 1t
sho,,hi be otherwise III the United States =
Grange Republic.
|All very fine, but we propose TO 40
things differently in this country. The
point that am especially driving at Is
this: | would say to the West, hold on
to your grain if you think you can make
more by keeping it awhile. We are not
starving here yet. But if you will retain
it. keep it as much as possible at the
noints of production. Let the individual
farmer hold what he can Then let the
subordinate Oranges have their elevators
and granaries 20 keep bigger pie In
and let county Oranges, If you
have them, hold 1T IN
still larger quantities. With the lncreaS'
ing railroad and Geographic commumca'
ton it is becoming ever easier to 40 TINS
thing. The time will come. thnk
when the people of each township wall be
handed together for mutual protector
against middlemen and all other marau
ders: when they will not only constitute
township Grange, but will carry on al
their trades and professions as coopera
tive association, and also elect some Q
their principal officers to fill the nlnetee'
political offices Of the township, thus con
shutting themselves q perfect little hai
monious republic, wherein all interest
will be in unison and all the people, wors
ing in solid phalanx for each other
good and against the entertainments
all outside. Na8
WHO PAYS THE rIPER.
The Northwest is interested IN tn
Lake Shore railroad, and it IS our oble,
or interest here ALSO Us it i, apparent
now the tlueling ground selected by "a
Gould upon which 10 meet Commodo
Vanderbilt. What | want to. say abo
this road now is, that its last report
illustrates the fact that in hard times II
the working class that has to suffer.
This report shows for the fiscal al
calendar wear 1874, as compared WI
1878. a decrease of S2,2oS,o1S As.
large part of the savings was due to
more skilful makeup Of the train servIe
which saved SQ75,667 in the payroll
reduction of force employed. irrespecti
Of s545.6q2 saved on the pay of the fel
retained.
That is the way t is all through Q
beautiful civilization, Dividends must
kept up in the great corporations at
hazards; and if they cannot be made
any other way they must be taken out
the wages of the .hired.
We see the same fact sticking out
Tho hank reports Of this city. The n
York Conaercial BalletiR says:
s.The business of The banks does not app
.nhaye teen so Improbable as might
Sss,, snnnosea from the TACT that the PEI
%n sh r seonpasiscn follows closely upon on
the worst na,,ics in our history THIS is
narent rom the circumstance that the pa
added s., 75i, 7s2 TO their surplus innd dn !
The wear and that, on the lst OF Marsn,
had in hand Ssi $50, c4s Of undivided pxo
It might have been expected that c srisa
the severe character oil that OF lo.S, 0no
by sharp liquidation OF debts and BY |
eral severe depression of business. wo0.1 y
besn attended with large loses 70 the g
and even with numerous bank insolvent
and the fact that the hanks have not thus