The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1875-07-08
An Address of an Independent Convention
held in Morristown, MINI.

10 mt POIcfo " U1o C1tttc " 4HGtI1coOCU'
This nation was once so favored that 9TH
er countries emulated its principles and
form Of government; other peoples envicd our
prosperity; other powers feared our accu-
muiating wealth and strength; our national
credit was unquestioned, and our commerce
Mt home and abroad both great aud active
How do we stand to-day? We have the
same boundless sources of wealth which we
have heretofore enjoyed Our mines are
still enriched with priceless metals; our
acres, broader than before, are still bur-
dened with fruits and grains which in value
and variety are granted to no other nation;
our people are still possessed with industry,
ingenuity and enterprise; our thousand
streams are as ready as ever to move the
wheels Of machinery; while our forests,
our fields and focks are continually
yielding material upon which capital
and labor might be bestowed. To-day
all of US, whose prosperity depends up
on fair remuneration for labor, complain
that we are oppressed with taxes, and that
money seems to be controlled and kept be-
yoad our reach. Else why to-day with the
demand still fair have our manufactures so
diminished? What other reason is there
that all our industries should be fettered?
Why else should persons, corporations and
we Is a nation tend toward bankruptcy?
Why has our foreign commerce steadily d.
minisheds Why are the contents of granar-
res Of the West unable to reach the hungry
people Of the East? Why are the products
/ or the ingenious East unable to find mar
ket in the needy West? Why in the pros
!. Herous State of Illinois have eleven rail
reads recently passed into the hands of re-
ceivers7 Why during the year 1864 were
Il there but $50 failures among our leading
Nbusiness men, with a total Of liabilities of
II 81, 500, 900; while nine years afterwards, in
sI873, the aggregate liabilities in failures
sanounted to 1928, 900, O0O9 The answer is
GIplain.-The circulative currency of other
..couutries compares with our own as follows:
ssl<aKayland has S24.OO per capita; Germany
Ifhas $,6 per capita; France has $50, while
Athe Emitted States in 1864, had $40 per
tcspla, and in 1874 it had less than ST.
stper capita" The census of 1860 shows the
wealth Of the United States, which had &C
cumulaied from the landing of the Pilgrim
Fathers, TO that year to have been 5000,
00O, 900 Ten years afterwards FIVE oil
which were occupied with an internal, de
vxstxtiag war, and the converting of 1000,
900 negroes from property to pers ons, VI
about $50, 900. 900, 900, which amount re
dueed to a gold valuation by deducting tn
average premium Of gold over our currenc
during that time, left us a real valuation Q
$50 $50, 100000. Five years afterwards
sud to-day, European capital owns of on
National, State. and Municipal bonds, to
rcther with the rail road securities, tn
startling amount Of 81 ,4OO, 900 600 annual
", and this divided equally amongst our W
sers, would give per capita tax of $37 pc
rear. Are we still the free American pee
ole, when one-sixth of all our Nationa
aud private property is held b
foreign capitalists. Let the huxxahs at on
Nafioaal anniversaries ring clear and lou,
hat our ancestors were brave and free an
segaeaahed us liberty. o, shame to US
ha1 fhe cloud Of debt which overshadov
Is, echoes back, oppression" And aft,
mother decade if we shall dare to shout
viii answer, sserfdom The causes whie
TO embarrass our people still exis
bur foreign debt exhausts our coin in int
ISL Our direct and indirect taxation CO
umex our national currency. Immigratie
las SO diminished that it does not retu
hexe things to US. Onr commerce al
nanufaci ries cannot flourish where the
sno money in the country.
We believe that the causes which Great
.nd for long time plainly defined the lin
political parties, are removed, and tn
here new remains no party honor at sta
amongst cur officers which tends to preve
acir sriting in schemes for national rc
cry
believing that the intention Of the fra
Is or our government was to enact Ia
shich should prove beneficial to the mai
nd eslesially to the laboring classes, q
eeiag that these principles are now uni
iced or subver,ed; and that as in the pa
he failure promises that our currency is
q sill further contracted, and that our r
EJ or perhaps that more potent author
chfnd them. our millionaires. press nj
this issue The people and their lal
xainst them and their capital
- As American citizens we claim the ri
discuss the action of our government
hexe matters which SO vitality affect
rosperisy, and which seem to threaten