The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-04-20
WHOLE NO. So.


government save S24.OO0.O0O per wear
and IS not that sum worth savinop And
would not those greenbacks constitute
just as good currency as the retired
bank notes? And if not. why not, broth
Ell MvKinstry?
V. National Banks are now taxed on their
capital which is invested in national bonds.
When the bonds are surrendered they are no
longer taxable, end $400, 0OD,0O Of taxable
valuation are thus at once wiped out.
But government bonds are not taxable.
II tie greenoacks We're loaned out on
mortgages we could tax them. The
state would gain ten dollars where the
nation lost one
vi. That SO long as seventy-two Democratic
votes are openly cast III Congress against the
adoption OF resolutions denying the right OF
secession by States, that issue cannot b. re-
safded as permanently settled.
dasue': AS we understand the vote
referred to It was simply an afiirmance
OF the same great doctrine re-at1rmed
The other day by Chief Justice Waite Of
tie U. S. Supreme Court.
1.-THE Government of the United States is one
Of delegated powers alone. Its authority is de-
lined aud limited by the Constitution. all pow
efs not granted to it by that instrument are
reserved 70 the States or the people. No rights
can be acquired under the Constitution or Jaws
u the United States except such as the Coy
eminent OF the United States has the authority
to grant or secure. All that cannot be SO grant
| "a or secured are lett - the protection Of the
States"
IS there any treason in this utteranoe
| OF the Repuolican Chief Justice OF the
republican United States Supreme
Court
VII. And that il is only upon the nlaint,in-
ance Q, KepuDlcan maj ofiiy i'll Congress that
The people can lest the assurance that the
| losses sustained by the Southern people, in
| their attempt to destroy the Union, will not be
| pad out Of the National Treasury.
/ Why, you precious old ulander head.
I don't you knew that the constitution Of
the United States art. XIV, see. 1 says:
"NEITAER TIE UNITED STATES NOR
ANY STATE SHALL ASSUME ORPAY ANY
DEBT Or OBLIGATION INCURRED In AID
OF INSURKEGTIDN OK REBELLION
AGAINST THE UNITED STATES, OR ANY
CLAlA FOs TIKI LOSS OR EMANCIPATION
Or ANY o1AsR; BUT ALL SUCH DEBTS.
OBLIGATIONS AND CLAIMS SHALL BIZ
HELD ILLEGAL AND VOID"
Congress could not pay such claims If
il desired t.. And does any sane man
believe that three lourths oi the states al
his Union viii amend the Constitution
50 As 10 enjoy the luxury ., paying debts
they do not owe? Such stuff might be
palatable in college Of asses. or might
oc used as hng-a-Doo to brighten halt
grown children, but Il, has no place
among sensible men.
VII. The government mus. have this gold.
ana Il Il docs not receive it from importers il
must 80 INTO ths market ana bu, 1t with green.
oAcks. But the lmpJitsa must have gold 60
. pay the baiaisc. due ,rce On the SrJ0 300
ooU Or syoU,oou ,DOO worm ~ goods that we an
huaiiy import from Europe, and thus must be
come competitor oi the government IN its
pHiehase ID II REASONABLE TO suppose that
with al thus demand for gold the government
"in " aGe to fioat It's lrredee mable promises to
pay at pari
Il AHsUer ifgolI aad gfcenbacks are
, OF the same va.ur there wll i. no diff
/. Guilty in exchanging one ior the other.
We do not pay or our imports with
J gold cut With our export. Ii not Europe
must pay gold Tor gu. corn, wheat. cot
ton, gel, flour, tobacco, ETC 81 il is Us
! broad asst il long.
II there - not gold enough to III j.t it's
1
! gold enough u carry on the wnols husi-
4 ness OF IA. natioD2 And that is the re-
!. pubicai programme
"a IX--his not the discrimination mad, by the
{ gov0na1snt IN tbs currency it Iecviv.s for it,
z due int dspss0:G the yane If gresnbacks,
! but ~ fact LhAg this same discrimination 4
. nz1s " Il. tn ~ Of the world, and untiN
' thonc1VTnmeut provides the means for redeen1
I III - promn1 - pay with god, whenever
tAogeenbscem ase prsAsrited at tns National
nensssy q - dsposiiOrirs, 20 long will it be
iDrAsibie ~ any merely statutory enactment
- nnks - paper reprs Natives Of money
g squd = - nscney tsaf. Z
!. The world aiscr..Iina.es AGAINST nnY
Q xrssabacks because our own govern
n<ns dOsA II the government nroyides
sOf reoee0ing IL promises TO pay in q
!. 0fn0 worth more than gold, will not this
mrs To promise itself worth AZ much
= gs10
MOald i'f9oiv. tsle necessity Of laying
Y 1o9as nJT on deposit ~ security for
- o1o0srtson To the auDo1n. RI about $751;
J 4as tbs government can only p.y in
a cks, assuming that tlieIr mark. value
49, ~ at PRESENT, II will II obisei 70
the gfssntach circulation " The
n snssnt Of t4ss. szs, 90.
Il Bat Jon beg the question, we do not
! propose that gre enbacks stall remain
! q me same value ~ >, present. Tut
/ inst they shall BE- q. par With gold.
: Hence your symmetrical table Of cslcula-
D tons tails to pieces
4 In conclusion Ill there is amp INIT in
brother Mcks. argument RnIcl We have
!. not answered We truss iic will call or
! attention to it.
II We thank him for discosxtny the nues
} ton. What the people wan, i to hear
!, both sides Of the question and judge for
7 themselves. 30 keep up the debate.
Y brother Nick, and prove tina: We are
! wrong II Jon can.