The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-03-30

the meeting that resumption was impossible,
and that our only financial salvation was the
repeal oethe resumption act which has already
caused SO much trouble, and the retiring OF
the national bank notes and substituting in
their stead non-interest bearing treasury notes
(greenbacks). At the conclusion OF the speech
all who favored the greenback side Of the ques-
ton were asked to rise, when the whole audi
ence stood up; and here let me say in passing
that there is but one straight out hard money
man in the town as far as | can learn, and he is
not resident of the town and expects to
leave in few days. The matter Of the organ
zation OF 4 greenback club was then in order:
Fifteen came forward and formed themselves
into a greenback club and elected J. w. Lv
nyston, President; Joseph Preston, Vice Presl-
dent; Samuel Kinkaid, Secretary, and Alex Al
len, Treasurer. Qnite number of others will
There seems to be general waking up Of the
great producing class, all over the country, and
woe to the rings and cabals who are planning
to rob the honest sons of toll by means Of the
hard money sWindle.
Too much credit cannot be awarded
to Messrs. Page and Elliott for their
earnest and DISTINGUISHED labors in be
half OF reform. Mr.. Page writes an able
letter to the Rochester Record and I'm
ion from which we make the following
extracts, the crowded state of our col
umns preventing us from quoting the
whole article
The Republican convention h I'D at Hartford,
Conn, the 29th ult., declared, among other
things, that they believed the resumption act
should be carried into effect at the time spPci
| fed, by funding greenbacks iniarge bonds or
by any other means, to pay and cancel them.
| This seems to be the general policy declared by
most of the leaders of both the old parties,
u, @..l <l,,<. 1,,..
amount OF greenbacks are cancelled and their
places taken by national bank notes. 1t seems
| to NE the tendency of all this is to make tn
| only PAPER money in the country bank notes,
and they in due time are to be redeemed in
specie, instead Of greenbacks, by the banks
| In other words, the same system Of specie ba-
| sis as before the war The bankers want the
lob OF issuing paper themselves, and it would
| be more practical for them to do it than the
government on specie basis. The govern
ment could only do it by greater contraction,
and contraction means the increase OF the pur-
chasing power Of money, and corresponding
depreciation Of the value Of property. King
Capital is arraycd against property land Its
producers) in the contest for supremacy. OF
course unlimited initiation would in one sens.
| iepreciate the value OF money and enhance
property, which would certainly he wrong.
And the last number OF the Rochester
| Record and Union endorses the green
back party and says:
We desire to impress upon all who believe in
| the principles Of the Anti Monopoly party and
desire to SEQ them promoted and maintained,
| the necessity OF making the convention sue
cess The time for holding the state conven-
| ton was for several reasons fixed at an early
1 day. and it was believed that a larger atten
dance would thereby BE- secured than il it
| were held in busy season Of the year. The
| views expressed at the late meeting of the Cen
| trail Committee, Of this county, We're III favor
| Of an early State Convention. We are inform
| ed Nv the chairman Of the SEte Central Com
! mitee that a larger attendance than usual is
| expected There is no gcoi reason why this
| result should not he secured. The Anti Mo
nopoly party is composed largely Of the farm
ing and laboring classes, and We cannot doubt
that they will manifest their sincerity and earn
es,ness by taking hold Of the work l@ior- item
with commendabe zeal anu energy. There
may te those who syrnpathize with tie OBJ
.cts sought to b. attained. who manifest q
spirit of indifference and who are unwilling to
commit themselves fully upon the more i'm
portant questions and issues now before the
people. There are, perhaps, few who hest
tate to lend helping hand because they do
not fully understand comprehend the
finance QUESTION, and the party with regard to
it. To such i. may b. said, that while so great
q diversity Of opinion and views exists among
all classes in regard TO this very question, party
dissrn-ion and strife should not prevail, noI
should there be from I'll is cause lack Of harmony
or unity Of purpose. While proper effortr
should l.. gut forth to arrive a, correct con
clusiens in regard to this well other i'm
por.anf questions, the results sought after b,
all true Anti Monopol:sts should be kept con
| SANITY in view.