The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1875-04-22
rne Necessity for a New Party..-The
Financial Issue. 90 Horace h LAY
Views.
MoRR1srows, Rice county, Minnesota,
March II, 1875.
references.

Hon. l. Donnelly: ;,
DEAR S1R-Since Congress and the
Legislature has adjourned and general
calm has succeeded, now is the time to
calmly review the past, see wherein we
made mistakes, if any; and what. if any
tl:no. was omitted. / do not think am
vain enough to claim the right to dictate
to one so we'll informed in political mat
ters as yourself. My own opinion is all
that wish to state.
Our great mistake last TALL was IN cal
ling ourselves Democratlc-Aioei
Republican and Anti-Monopolist; thing
wholly uncalled for in the view OF the
prospect of success. 49,,
Under the name "Anti.Monopolist' IN
1873, we made good start; thousands
of Republicans that we're SICK ana ois-
eusted with Grants party. would have
voted Anti Monopoly in 1874 II the Dem
ocrats had been left of. We must take
men as We find them. The great body OF
both old political parties retain to great
extent their old prejudices. and with
MANY it amounts to almost hatreo.
This is why the present administration
keeps the negro all the time IN view'
he is "the old bone OF contentious take
that old element out and but little would
he left sxcept band of thieves and rob-
hers. working under a party name, the
principles of which have long since been
SO disgraced that large portion have
left it in disgust. Some have voted with
the Democrats, not because they love
their past history, but because they want
to see the present unprincipled Republi'
can party threshed. Many Republicans
refused to vote for either, hence there
were many Democratic victories last fall
and where there was most growing ovel
the victory last year, there WlH De les!
The neat time, unless other principles ar
at stake, and q new name adopted Tor
new rarty. Old Republicans will not cas-
their votes to reinstate the old Demo
cratic party.
What we omitted was in not takin
sauare issue against the swindlng Nation
Al Banking Law, and showing it up in a
it's localized robberies. That and Pro
tective-Tariff is death to this country. !.
lam unreservedly opposed to all banl
ing systems we have ever had in tn
country; the present, because 1t cos
millions to keep the money ailoat by pa,
ing interest on bonds deposited, whlc
give national currency no more value tina
that issued directly by the government
All the banking systems founded
specie never had and never were expect,
to have as many dollars in specie as II
paper issued and put in circulation, hen
the last dollar was liable
be drawn out any DAY al
they be forced to suspend The who
system was a monopoly. created for
privileged class. If you will look at t
hrst and last part Of the article writ
bv me and published in your paper Oc
her 22d, YOU will see the substance OF
views on the currency question. I
aware they differ from yours. Still tn
are honestly mine, and in the futu
Il an organization embracing tn
in substance, and the views advoca
by YOU on railroad protective tar
water transportation, &C., &C., Is star
nv efforts will be for its success.
I have lately written to Horace
Day, of New York, asking information
some points Of the present banking
and have received some speeches OF
ON that subject, and the formation
new political party--Anti. Monopoly
fedged; neither Democrat or Liberal
publican in it--and in my opinion he
hoses to start on the only true plai
insure success and save this cou
from ruin. Enclosed ] send you
Days speech, delivered before the v
inrmen's committee at Harrisburg,
on the I'd, Sd and 4th Of March. He
in n letter to me that it was the lal
vorkingmen's convention he ever att
ed in the whole country. and emb,
great ability. l have another OF
Speeches. delivered before the III
State Farmers Association. at Dec
III. Dec. II, 1873, styled ''The Fins
system Unmasked;" it contains lou
nsces. and we'll deserves its title
should be placed before the people.
Yours respectfully,
JOSEPH &C