The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1875-09-13

tai to four or Ave times its original amount, and
draw interest on this inflated amount. Yet
these realand arch inflationists constantly sing
out "infation" against the solid and well Sc
cured paper or greenbacks of our government,
which IS not doubled, or trebled, or quadrupled,
Or 1nintnpled, but simply represents solid ana
well secured values, backed by the whole
/ country.
The banks act exactly as certain expert long
fingered gentry do, whO appropriate the proper
|. ty OF other people to their own use, and then
cry out: Stop thief! to divert attention from
their own deeds
I 1t is shame and gross abuse Of delegated
power, that our government has ever author
lied the banks to exercise the sovereign power
of issuing money. This power exists alone in
Congress, cannot legally transfer the same
| to single individuals, or corporations. Con-
gress might just as well delegate to individuals
] or corporations the power Of levying taxes,
| raising armies, making treaties, organizing
courts OF justice, or exercising other powers
/ belonging exclusively to Congress Our COR
stitution no where authorizes Congress todele-
gate to others the great and sovereign powers
exclusively vested III Congress. The power to
Tissue paper money or currency is the same
power as to coin money and fix It's value.
| We have suffered this long enough; it is now
/ time to stop it. Such loose way IT provid.
ing a currency, by irresponsible and naturally
specializing corporations, whose very business
is imitation Of their capital, and the use of 9TH
er peoples mon y for usury, Is a gross and
continual outrage against the country. a,e
1t is, moreover, q gross injustice against all
tax payers, who have to supply all necessary
funds to maintain the government. Ii the
government would issue the same amount Of
greenbacks as is issued to. the banks in bank
notes; we could thereby cancel the bonds de-
posted by the banks, and thus save the inter-
est now paid to the banks on those bonds
This would alone save us twenty four million
dollars a year. t*-,t
i The banks, on the contrary, want the gov
eminent to Withdraw all greenbacks issued,
and to replace them by bank notes. This
Il would double the amount of bank notes now
in circulation, and the government would
have to issue an additional amount of bonds,
to cover the withdrawn greenhacks, and then
pay additional twenty-fonr millions Of interest
every year on those new bonds. Thus the
question now is, shall we have all greenbacks,
and no bank notes, AMI save forty -eight mill
lions Of dollars in interest," every year, or shall
we have no greenbacks, and all bank notes,
and pay forty-eight millions of dollars every
year in interest to the banks, on account of the
sovereign power granted to them to issue pa
per money for us, and thus to be our financial
lords and rulers, and we their subjects.
Where is the American citizen who wishes to
have his fellow citizens with long purses placed
over HIM as his financial LORDS, to whom he
wishes to pay tribute, and by whom he wishes
to be ruled and ruined, as the within and pleas
ure of those financial lords may dictateY
Again lie: it be said, the question is, shall we
the whole people, and no other money lords
raised above us, and shall we save forty EIGHT
million dollars (s4e. coo ,OOO) every year, in in
terest; or shall We pay this amount as tribute to
, money lords, set above us by our government,
and accept their gracious paper money, (bank
notes,) as our currency, and Danish our own
, mod Vy
, the money lords of the banks, and We be their
humble subjects, who govern Us, as no elli-
peror can govern, because they can make
money scar ce and starve us, at their pleasure,
or they can make money plenty by their gen.
: +rosity, and let us enjoy life, until they
think it best to make US virtuous and humble,
by contracting the currency, and inducing a
: panic.
!. Our gracious lords of the banks preach to
us, that we are not fit to issue money through
our government; that we would act like chill
dren and do mischief, if we did NEEDLE with
, money matters; that such things can only be
/: handled with safety by experienced hands,
who know how to govern country financially.
The people are only fit to pay taxes and be
: ruled by the money lords who know how to
levy tributes, and how to initiate one dollar into
five, and draw five fold interest from it.
These bank lords have the peculiar gift Of
attaching the newspapers to their cause, and to
throw sand into peoples eyes.
While nobody asks them for payment, they
> preach resumption Of specie payments, and al
/, ways payments on demand. But when people
demand payment, then they stop. payment, az
We have many times experienced. They in
: vert the Frenchman's idea of payments thus
'sIf you don't want money, you shall have
plenty, on demand; but If you want it, you
shall not have it; we stop payment"
And when American free men stand up fol
their rights and demand that those infationists
shall no longer be our masters, and that We
! will issue our own government currency, Sc
cured by the whole country, and not subject
to imitation and changed in value, then they
crv "infiation.' as the thief cries "stoI
thief" w. S.