The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1875-10-04
same time to European holders Of our
bonds for gold interest on the same?
We quote again from the Pioneer


bonds for gold interest on the same?
We quote again from the Pioneer
Press:
Finally there is no rational ground for Mr.
Buell's assumption that the Inauguration of
specie payments would be followed by any dis
astrous consequences. There has never been,
an never can be, a time so favorable for re-
sumption as now, or as soon as the necessary
supply OF coin is accumulated or purchased.
Let us see what answer history furn-
ishes to this proposition.
In February l797 England was involv-
ed in war. The king issued decree
for suspending specie payments. Paper
money. equivalent to our greenbacks.
were issued in large quantities. For
twenty-four years the suspension of spe-
Gle payments continued, and these twen-
ty-tour years constitute the period OF
England's greatest prosperity although
she was engaged during the greater part
of the time in desolating and expensive
wars with Napoleon. In eight years
prior to 1921 the government paid off
S640, 100000 of the public debt. In
1881 they ceased to pay any part of il
and now it is not expected that Eng glands
national debt will ever be paid off. But
mark the effects upon the people. In
thirty nine years subsequent to 1922
the land owners OF Englaad were re-
duced from 10000 to 3O,766 in other
words nearly 135, ZOO of the 160 900 land
owners of 1922 were reduced from land
owners to tenants, pauperS, or emigrants.
A fearful record-implying an incalcula-
bic amount of human suffering AMI mis-
cry. The rich were being made richer
and the poor poorer! Now one-h0lf the
kingdom is o,ca,ed By tscelre persons! !!
The father OF Sir Robert Peel said to
him: Robert you have doubled my for
tune but you have ruined your country"
The starving populace broke out in riots
and insurrection and were suppressed
at the point of the bayonet This is a
business Grant could play at splendidly,
England to hold down the wrelched peo-
pie raised a home army of $4,000 men
at a cost Of S7,500,000 per annum.
That would suit Grant exactly. The re-
suit Of it all is seen to-day. The veo-
manry Of England wiped out; driven to
America and Australia; the queen the
church and the aristocracy entrenchei
in sovereign power. million hungry
tramps wandering the roads of England
and millions more lodged in her pauper
houses.
And the Pioneer-Press says that "the
inauguration OF specie payments WOULD
not be followed by any disastrous con-
sequences On these blind leaders of
the blind
Remember. voters of Minnesota Mr..
Pillsbury has committed himself. in his
letter to Hon. E. Ayers, unequivocally
to this Republican scheme of contrac-
ton. Mr.. Buell. has unequivocaily taken
u with it, which will you support The
man who thinks the per centage OF dis
count on greenbacks is of more impor-
tance than the happiness and prosperity
ot this great people; or the man who
does not desire 10 see this generation
sacrificed on the cruel altar OF mistak-
Ell theory, as the generation Of English
men from 1921 to 1881 We're sacrificed
Mr.. Pillsoury's election would be hailed
everywhere as a triumph of contraction
Mr.. Buell's election would be under
stood everywhere to be a triumph of the
people. Which snail it be. fellow citizenso